Wednesday, October 15, 2008

Bought some CAKE

I pulled the trigger on CAKE late this afternoon right before the market closed. Hopefully I did not try to catch a falling knife. Time will tell.

500 shares @ $9.98.

Opened today at $10.73.

Closed at $9.91.

I will most likely sell into the next big rally.

I also have my eye on American Express.
-closed at $24.41
-down 13.4% today
-PE of 8.09
-$17.90 cash per share

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