McDonald's Delicious Dip
Greetings from New York where I'm reminding myself that bears make money bulls make money and pigs get slaughtered defleshed mulched grilled and turned into delicious McRib sandwiches! This is a wordy way of saying I took off some of that succulent pop in Bank of America (BAC) at the open and used the proceeds to buy the dip in McDonald's (MCD). McDonald's has been digesting a large move between the mid-50s and mid-60s for the better part of a year. I've been playing accordingly but -- as is always the case in retrospect on trades that work -- not aggressively enough. ...
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