Dear Diary,
I just sold out the PHLY arbitrage for a 5% gain. This represents a 32.59% annualized gain over a 56 day holding period (9-30-08 thru 11-25-08). The expected closing price is $61.50 on December 1, 2008, so I went ahead a sold out at $61.21 a share today (6 days early) to get the cash ready for another deal today or tomorrow.
Gene
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2005, In Front of IRS Building, Washington, D.C.
Diary of a Business Investor
Gene Chapman
2005, In Front of IRS Building, Washington, D.C.
About Me
- Gene Chapman, Author
- P. O. Box 295545, Lewisville, Texas 75029
- MahatmaGandhiGlobalLibrary.blogspot.com or LibertarianGlobalLibrary.blogspot.com gkchapman2012@hotmail.com "Creating World Peace One Word at a Time" And for those who wish, you are invited to participate in funding all aspects of and in the building of a physical library building within walking distance of both the White House and the U. S. Capitol Building in Washington, D. C., as a voice of nonviolence and a safe harbor for Gandhian intellectuals in this epicenter of political violence on earth.