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For some reason, markets have been kind to me the last few Monday’s and this is another instance as the trade that had Long Ebay/Short Knot had a solid day and I will actually be closing off the trade when markets open tomorrow. The return as of tonight is +24,27%.
Not much news on Ebay today from what I could find, at least nothing major. There were some announcements regarding cheaper solutions for Paypal small transactions, but nothing major really.
In any case, another good trade, let’s hope things can keep up. This will also allow me to make another trade next Monday.
Similar Posts:
- New Trade: Long Ebay (EBAY) & Short IAC Interactive (IACI)
- Closing trade on Ebay (EBAY) & IAC Interactive (IACI)
- Long Ebay/Short Knot
- Valuing Ebay (EBAY) as a bank
- Quick news – August 13 2010
More on this topic
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Yahoo's New CEO: The One Thing Scott Thompson Needs to Do
(Money Morning, 1/27/12)
eBay’s Next Hot Item: Incandescent Light Bulbs
(Investment U, 12/7/11)
Glad to see that’s worked out for you and you’ve had a couple good weeks. Great stuff!
Closing prices are:
EBAY: 26.53
KNOT: 7.58
Reutrn: +25,62%