Wednesday, August 13, 2008

A little trading while we wait...

Using the proceeds from yesterday's sale of our UDR shares, I bought 129.417 shares of Regions Financial Bank at $8.33 a share. I have owned shares of Regions and have traded them for the last few years. Two days ago, Regions was priced at over $10 per share and it seemed like the fall was a little too overdone. So, today looked like it's ready to move back up. As of my writing this post, Regions is trading at $8.50 per share and we're already showing a profit. Should it hold and close higher, I may sell it tomorrow for a quick profit.

Still looking for UDR to drop and buy to back.

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