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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (32051)	9/19/2008 12:13:26 AM
From: Spekulatius	Read Replies (2) of 78470

ETE (19.8$), ETP(29.42$), WFC(-37.8$), NWS (12.85$) Sold ETE today for a huge (33%) tax loss and bought ETP from the proceeds. Felt it was an opportune time to do so when ETP went on a hellride below 30$ and ETE stayed somewhat behind. You gotto do what you need to do. Shorted WFC again at 37.8$. Interesting that they trade almost higher than before the credit crunch. Last trade worked out OK and now I am trying again. I used my account at WellsTrade with WFC to short so I assume that I am not a naked short :-). Purchased some more NWS, my favorite Media stock. I think it's well position - they overpaid for Dow Jones but they seem to be making something out of this asset. I like the WSJ more than ever and the recent website revamp looks good to me. A healthy balance sheet does not hurt either in the current environment.

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