Monday, May 17, 2010

Trade Update: "HHH"

We had a good trade on "HHH". It was TZA again-which is 3x short the Russell 2000 index ETF. We bought 20% capital on May 13th for $5.61 and added more this morning at 6.01 for a 50% capital position (50% of our portfolio- a big bet) for a total cost basis of $5.82 and we just closed out a little bit ago at 6.58. That is a nice 13% net gain!
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