I hate E*TRADE for that. It's just impossible to think on the fly with such a huge transaction cost looming over my head.
I decided that the market had already priced in this house price drop, and that the bulls really really want this to be an up day. Two up days in a row and we have ourselves a weeklong trade. That would also get me the C dividend, so I'm back into the position, having lost 26$ in transaction costs and perhaps 20$ in spread. Not too bad.
Thursday, January 24, 2008
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