Closing Trade ($PCLN, $OWW)

By: ispeculatornew
Date posted: 10.07.2013 (3:00 am) | Write a Comment  (0 Comments)

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One of the changes I did in my tech stock long & short picks is to give myself more liberty in deciding when I close winning trades. Even though my trade on Long Apple (AAPL) and Short Travelzoo (TZOO) stands at over 30% of return, I’m leaving it open as I continue to believe in the incredible value of Apple and the possibility that product announcements in the next few weeks give more upside potential.

One trade that I will be closing out this morning though is my long Priceline (PCLN) and short Orbitz (OWW). Why? I don’t love being short Orbitz so if I can take some gains off of the table, I’ll do it.  The trade currently stands at +23%. As always, you can see my 2013 tech picks here:

http://www.intelligentspeculator.net/livetrades

PCLN

OWW

The average trade has returned over 3% so far this year which translates into a portfolio return of over 12%, which is above my objective for this strategy. Of course, the year isn’t over and I’ll still have 5 live trades after closing this one so I’m hoping the returns can keep up.

How is your trading going these days?

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