TRADE UPDATE – FAS
In the pre-market, bought back FAS at 12.90. Put 10% of the portfolio to work here. I'll probably keep that size.
Financials look to be at a point where the willingness to lead the second leg of the rally is becoming a very real possibility. I went over some of the individual banking names last night.
My second run at FAS this month. I bought it off the October 4th bottom and quickly took profits a couple days later.
