The Dean’s Trades: Sold UMPQ @ $16.93

September 12th, 2008 at 10:35 pm Posted by The Dean
Dear Students

I sold half my position of Umpqua Holding Company(UMPQ) into the close at 16.93. (UMPQ) is my hedge play on the weakened financial sector, but because of Lehman’s possible takeover this weekend, I booked my profits and will stay weary and short the (XLE).

Happy Trading, The Dean



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