Thursday, September 18, 2008

Quick Update

Reduced my exposure to Citigroup (C) this morning. Sold 25% of the position at an average price of $14.70. First sale was filled at 14.92 in early trading, and then I dumped a second piece at 14.55. Will continue to watch it carefully.

I really needed to reduce the position so that I am less likely to enter into 'panic' mode, which is almost always a bad thing.

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