Monday, March 9, 2009

Wells Fargo – My Winning Trade

For the first time in almost a year, I am smiling after making a nice winning trade. Last week, I bought 100 shares of Wells Fargo for $8.01. This week, they spiked up to $10.70 and I managed to get out at $10.00.

Not bad for a weekend's work.

Seriously, I am not (and do not believe in) a day trader. I bought the stock expecting to hold it for 2-4 years. Nevertheless, I couldn't pass up the opportunity to take some profits for a change.

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