Wednesday, December 7, 2011

Sony

you know, I had written a whole piece on why I bought Sony (SNE) but then never posted it. thought I would refine it more or whatever. then this morning I notice the stock up 4 or 5% and I'm like, "shit, I'll take that money!" and closed the trade. so now y'all will never know all the reasons that SNE is (was?) a great buy for the holidays.

the drawback in closing out the position is that I no longer have any long positions to balance my short of USO, the crude oil ETF. but at least I have more cash available to take advantage of the next opportunity.