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I think it is time to take some action with my portfolio. Tomorrow, I will be selling all of my shares in FXP, as well as NLY. FXP is down 22.12% year-to-date, and I suspect the shorts are going to have some fun with this one as the market trends up. NLY is up 4.04% year-to-date, and I believe it is time to invest in something a bit more aggressive. I am putting in orders to sell at $33.85 and $17.92, respectively.
In their place I am going to buy three $45/$55 January 2012 CALL spreads in DuPont (DD). I am putting in an order for $3.13 for this trade.
The second trade I am going to make is to buy two $75/$85 January 2011 CALL spreads in Whirlpool (WHR). I am putting in an order for $4.78 for this trade.
We'll see how I do in the time ahead. In the meantime, I will be writing more this week about some of the names I have recently mentioned in this blog. Stay tuned, and don't forget to subscribe! Go Colts!
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