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AUGUR OF ARIZONA
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I have been an equities enthusiast for over two decades. I have read tens of thousands of pages on investing in the stock market and continue to read about investing on a regular basis. Daily, I watch the stock market and study individual companies. I am a former military officer. I am a... More
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    Jun 21, 2013 12:53 AM | about stocks: DELL

    My May IWM puts expired worthless. That was a total loss on 4% of the portfolio.

    On 5/15, I sold my RWM for 20.4. That was an 8.5% loss on 18% of the portfolio.

    On 5/20, I took what was left of the 18% that was in RWM--about 16.5% of the portfolio and bought Dell for 13.4. I'll be picking up a .08 dividend on that, shortly.

    I still maintain about 75% of the portfolio in cash, securing 13 AUG puts that I sold a while ago (see prior posts).

    I still think IWM is largely overpriced junk. I just reached my tolerance limit of it moving against me.

    Should be interesting to see what comes of the sell off that started yesterday and continued, today, after the Fed announced more clarification on tapering its stimulus. The 10 year yield sure has popped up, at about 2.5, now.

    Stocks: DELL
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