Thursday, May 20, 2010

Trade Update: "ABC"

Boy it is ugly out there. We could have played our shorts over and over. "ABC" has been fairly strong. We are only down 3% on our position; however, the market looks very bad. The question is: Do we pull the trade or not? It has been very strong on a relative basis but it is starting to get hit a little given the market's crushing. We have a limit order to double our position well below the market in place. I am debating whether to cancel it. Stay tuned and check your emails frequently.