Closing Trade ($TZOO, $NILE)
Today, I am able to close a new trade, the one opened just 3 days ago when I went long Travekzoo (TZOO) and short Blue Nile (NILE). Why so quickly? Because Travelzoo is apparently putting itself for sale, which resulted in the stock rising nearly 30% today. Lucky? Maybe.. Who knows. But after being crushed on my short $AOL position, I’ll take this one. The average trade this year has returned 5.20% which is very solid (55% annualized)… hopefully it keeps up!
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This entry was posted on Thursday, April 12th, 2012 at 4:00 am and is filed under Free Stock Picks. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
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