Friday, September 5, 2008

Success with FMCN

Although I did not get in at the bottom, FMCN had a strong rebound today. I sold my shares at 29.98. My return of 3.4% was excellent, and wiped out the losses that I realized when I entered into my CEDU trade.

I also exited my CEDU trade at 4.75 on Thursday in preparation for taking part of the MET tender offer next week. Overall, this week was a good one for my portfolio; unfortunately, I cannot say the same for the market.

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