I was born in 1956 in USSR. After graduation from college in 1979 I worked full-time as an IT specialist. Until 1990 I worked for different companies in the Soviet military industrial complex. I created a small software business in 1991, which failed in 1993. I worked for Oracle Corp in 1995 in... More
Mar 10, 2012 12:08 AM
| about stocks: SAN, BTA, NMO
Week started with a crash and ended with a rally. I am still convinced that we are in a huge bull market right now. Corrections are inevitable, sure. In a bull market, each correction is an opportunity.
Didn't have much time to write this week. Was busy at home, doing big home improvement project. However, did some trades.
Bought Banco Santander (STD) on Tuesday and sold on Thursday, cashing on gap filling.
Added to BlackRock Long-Term Municipal Advantage Trust (BTA) position. I'm planning to replace Nuveen Municipal Market Opportunity Fund (NMO) position with BTA. BTA has better yield and increased payouts twice in the last 12 months. NMO actually reduced payouts last year.
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Crazy Week 1 comment
Didn't have much time to write this week. Was busy at home, doing big home improvement project. However, did some trades.
Bought Banco Santander (STD) on Tuesday and sold on Thursday, cashing on gap filling.
Added to BlackRock Long-Term Municipal Advantage Trust (BTA) position. I'm planning to replace Nuveen Municipal Market Opportunity Fund (NMO) position with BTA. BTA has better yield and increased payouts twice in the last 12 months. NMO actually reduced payouts last year.
Disclosure: I am long STD, BTA, NMO.
Additional disclosure: Positions can change any time.
Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.
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