Closing a trade after a crazy day

By: ispeculatornew
Date posted: 10.15.2010 (4:35 am) | Write a Comment  (0 Comments)

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Wow, what a day. I started off (as I tweeted) very wary of Yahoo (YHOO) movements as I was short and the stock looked like it would open 7-8% up because of the acquisition rumors. It did and things were looking dire but some other trades did better than expected and thanks to huge earnings by Google (GOOG), it actually turned out to be a good day overall. That being said, being long Microsoft (MSFT) and short Yahoo (YHOO) in a day like yesterday was still down enough to make me breach that trade’s limit as it currently stands at -25,8%. It will be closed this morning which does mean that I will be opening a new trade next Monday. Another trade is at +19,3% so we’ll see if I can get that one closed today!

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