Closing Trade ($TZOO, $NILE)

By: ispeculatornew
Date posted: 04.12.2012 (4:00 am) | Write a Comment  (0 Comments)

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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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