This is one of those days I love high beta!
AMD is +10.27% so far and I feel like I'll be laughing all the way to the bank. Just a little bit more and I'm breakeven on this position - something I never thought would happen in my lifetime. I've been holding onto this position since February 2007. I now have to think about how to trail my stop.
My question is why isn't C moving at all?
I'm still indecisive with regard to my ABK position... I was thinking of cashing out on my ABK shares and then getting into some more Finlay bonds, but S & P upgraded Ambac Assurance. I was so ticked off - a day after I sold my ABK bonds, mind you. Good thing I didn't get out of both shares and bonds at once. Whatever! They've been saying that they can't pay dividends on that bond issue due to regulatory reasons, so I'm into Finlay bonds now.
But I've finally got a position where I'm +213.64% and that is a small position in Tribune Co. bonds (CUSIP 896047AF4).
Is this bliss? Not quite, but at least I'm bitter no more.
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