Friday, October 24, 2008

Position Update - Four in a Row Folks!

TOMO - Finished nicely red today, down -11.11%.

Yesss! Four out of my first four!

The lesson I learned from Laura from the Dark Side of Trading just about two weeks ago is really paying off - "No reason to cover until I see green." I'm still holding 1,000 TOMO short from Wednesday's close at an average of $4.20 and so far I have an unrealized gain of about $760, not including commissions. TOMO has been my best short to date even though I didn't play this stock agressively at all. It has been a steady downhill ride on a wave of red!

No comments: