Friday, March 9, 2012

Crazy Week

Week started with a crash and ended with a rally. I am still convinced that we are in a huge bull market right now. Corrections are inevitable, sure. In a bull market, each correction is an opportunity.
Didn't have much time to write this week. Was busy at home, doing big home improvement project. However, did some trades.
Bought Banco Santander (STD) on Tuesday and sold on Thursday, cashing on gap filling.
Added to BlackRock Long-Term Municipal Advantage Trust (BTA) position. I'm planning to replace Nuveen Municipal Market Opportunity Fund (NMO) position with BTA. BTA has better yield and increased payouts twice in the last 12 months. NMO actually reduced payouts last year.
Disclosure: I am long STDBTANMO.
Additional disclosure: Positions can change any time.

No comments: