Closing 2 more trades

By: ispeculatornew
Date posted: 05.13.2010 (5:30 pm) | Write a Comment  (0 Comments)

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After a few weeks without any trades being closed out, two more will be closed tomorrow morning leaving only 2 in play. One of them turned out for the better, with Netflix jumping today on acquisition rumors, it helped the trade on Netflix (NFLX) and Blue Nile (NILE) reach +24,14%. The return was much higher during the morning but a downgrade by UBS which does not believe that the acquisition will happen set back Netflix a bit.

Unfortunately, today was also marked by a jump in Valueclick’s stock value, as news came out that CEO James R Zarley purchased 600,000 shares…being short Valueclick today was not good and so the trade on Long Google (GOOG)/ Short Valueclick (VCLK) now stands at -23.87%…

Only two live trades are left so you can expect a new one to be made on Monday!

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