Wednesday, February 28, 2007

Collective2: CMS out

Although my Collective2 portfolio performance since November could best be described as "disappointing" - given I had opted to keep the bulk of funds in cash - it was a relief to see my only remaining position, CMS Energy Corp (CMS), stopped out for a +$130 gain on a 250 share lot. Yesterday's "hanging man" was the warning, today's break was the confirmation. The portfolio is all cash and waiting for oversold internals before getting equity heavy once more.