Closing New Trade

By: ispeculatornew
Date posted: 06.03.2011 (7:48 pm) | Write a Comment  (0 Comments)

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Hi everyone! Wow, it was an interesting day and as I tweeted earlier, at some point I had 3 of my 5 trades that had reached their stop gain or stop loss. However, 2 of them did come back so we are just closing one trade, our position where we were Long Priceline (PCLN) and Short Monster Worldwide (MWW). It turned out to be a great trade as it currently stands at +24,96%. I will be closing it out on Monday’s opening. As you can see from the charts, the big success here stems from Monster’s continued bad performance. It has been a great stock to short over the years!

Have a great weekend!

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