Tough day and week!!
For most investors, the past few days have been great to watch with the S&P 500 up over 17% in the past 7 trading days, quite impressive! However, our own picks have been struggling this week, mainly two trades, the PCLN/NILE trade has been going through some tough times as Blue Nile surges forward. I recommend checking out Zach’s post about Nile’s recent rise. I think and hope he will turn out right!
The other trade that has gone through tough times is Google vs Valueclick. Again, I’m comfortable with the position but with it being close to my stop loss, I’m hoping for a rebound today to keep this one going and not have to close a first losing trade in 2009!
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