Harry Just Might Have More Under His Belt...

I, for one, reckon he's got a lot more that we haven't yet seen. He got upgraded once again and most retailers have led the market the past week or so. TIF even broke above $60 a few days ago. I lament the fact that I chose NYX over TIF that summer of '09 when I had a choice between buying NYX or TIF. And I went with my head rather than my heart - and consequently missed out on an opportunity to basically double my money.

Although I saw a lot of upside with Harry too, I know it'll be some time before TIF gets back to the $30s again - if at all. This leads me to contemplate getting into more HWD in hopes that Harry will chase after Tiffany and we'll still get a happily ever after. So where should I touch Harry's prices?

The Sultan seems to have left the room too and now I'm left with a cold -6.96% on this BCS position. I know it was wrong! I should have taken profit ages ago when I had that run of QU luck, but I was stubborn and now, I've got to strategise on my next course of price action with BCS.

And now, the part you know you like best... I'm going into the Confessional Booth again and this time I'm reviewing my economic performance for the month of November so far. I'd love to chart my daily performance, but doing so manually may get very tedious. Still, I think it'll give me an unobstructed view of my actual trading performance and indicate to me areas I can improve on.

Anyway, this month... not only did I have 10.5 bad days and 7.5 good days, but my bad days are still worse than my good days. So, my target now is to try to get my good days to be at least twice as good as they are now because I know one's sunny days are limited according to the month's trading calendar.

The problem with portfolio rebalancing is that when I need to sell something at a loss, I often don't want to do it. However, I learned from selling my ABK bonds early in the year even though I didn't like doing it. Often times, you need to give up whatever is not working in order to gain something much more valuable back. And I did that with ABK and didn't get left holding the proverbial half-torn bag when ABK ripped off the bandaid and filed for Chapter 11 only after dragging investors through the mud for over two years. Recall that ABK was so close to $95 back in the day and is now only worth $0.143.

I set that money free just in time and even used it to do some quick plays with BAC and MS if I remember well. Those were the days! LOL.

Now, my trading has gone haywire once again and I'm looking to next week to redeem myself!

+0.05% on the SBA
-1.80% on the Roth IRA due to the Sultan's cruel and heartless retracement

Happy Weekend, Professors of Finance!