Wednesday, October 29, 2008
Position Update
Borrowed and sold 500 DIN at $17.66 with forty minutes left in today's trading day. I was a little hesitant because of the crazy spread the stock exhibited today, but I went on GOTS and with a simple "yes" from Muddy, I went for it. The dizzying spread on DIN makes this perhaps my riskiest play. I see plenty of downside with DIN and I'm hoping volume dies down much more.
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4 comments:
EVS had a pretty big spread too. I took a small o/n short position because of the size of the spread.
Yng...did u mean EVC??? I wasnt sure.
Yep, I meant EVC
EVC looks like a good short with plenty of downside left. Good risk/reward play also.
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