Wednesday Update

Market was pretty crazy today staying down all session until finally turning green around 3:15 to around 3:45 then downward again and ending the day at -80 points. At one point in the morning I was down over $1,000 dollars and around 3:30 I was up over $500. The portfolio actually ended the day up $26.64 which is nice with the down market. I'm glad I got rid of those two mutual funds, I probably sold it on the only up day it will have this entire year.

If you are keeping score...
The funds were down today -1% and -2.5% , respectively.

I made two trades today, but they were in my Roth IRA. I really don't want to blog about the IRA but I'll let you know what I did today because I didn't make any moves in the regular portfolio.

Bought 100 BAC at 12:12 @ $4.64
Sell to Open 1 BYOCE at 1:03 March 5 Call for $.75

Here is the cash inflows and outflow without commissions.

1. -$464
2. +$75
3. Net Cash -$389 for a cost basis in BAC for $3.89
4. If BAC gets called away. I will be looking at a gain of $111 or 28.53% in 3 weeks.
5. Not bad.