Sold AIB @ $2.54
Sold out of AIB at $2.54. I bracketed my original order from 4/30/09 to sell once a 7% gain was reached. That triggered just after the open this morning. Who wouldn’t take a 7% gain in less than 2 trading sessions?
AIB is moving up with the entire banking sector. I am sure that Warren Buffet had something to do with the positive action.
I am a little surprised at the light action on M and T Bank (MTB) this morning (up 3%, but lagging its peers). There are many who jump on the bandwagon of whatever Warren Buffet mentions and many investors might not be aware of Berkshire’s investment in MTB.
MTB does seem to get better mid-day action than some of the other players. I might make an option move once we are in the mid-morning lull.
UPDATE 11:44AM ET: Hindsight really sucks. AIB is running fast! Up to $2.92 (20% today!). I was out at $2.54. Oh well. Don’t look back, just reset, find the pattern, and trade.
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