Friday, August 6, 2010

FAS update

The market is down 145 pts right now and FAS is back to 22.06- just pennies above our 21.98 purchase price. Maybe we should have sold at 24.15. Hindsight is 20/20. The market is down today because the jobs report was seen as negative. I thought it was pretty good. The government jobs killed the report. The good news is the private sector was much stronger. I think the market will recover by the end of the day. We hold or buy.