I have really taken it on the chin in the latest round of profit-taking. One of the main problems with margin is that leverage works both with you and against you. Rofin-Sinar Tech. (RSTI) closed today at $27.70 down $1.64 or (5.59%) today. This hit about a 9% loss from our recent purchase so I sold
my 200 shares at $27.261. I purchased the 200 shares on 11/6/03 for an average cost of $30.24. Easy come and easy go I guess. However, the market is telling me to avoid adding positions to our portfolio and to continue to sell losing ones. It is slow, but it works to reduce margin exposure at least in a small way!
Thanks again for stopping by!