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Long EXPE at $25.59 and FTR at $8.80

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May 17, 2011 – Comments (0) | RELATED TICKERS: EXPE , FTR

Finally  made two late afternoon trades, the first of which is in Expedia (EXPE) at $25.59, and the other in Frontier Communications (FTR) at $8.80. I also managed to get out of the S&P UltraLong 2x (SSO) at $53.60, after having averaged down five times outside of my original buy-in. At one point, at the market lows, my portfolio was 60% SSO which you can only imagine provided quite a show in volatility. To say the least, I am glad not to be holding that position any longer.

LONG: Expedia (EXPE)

LONG: Frontier Communications (FTR)

 

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