Closing Trade (YHOO, AAPL)

By: ispeculatornew
Date posted: 09.10.2011 (5:33 am) | Write a Comment  (0 Comments)

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We only have 3 live trades left and one of them is now being closed. On August 8th we opened a trade being long Apple (AAPL) and short Yahoo (YHOO) and tho two main risks were Steve Jobs health situation getting worse and Carol Bartz, Yahoo CEO being fired. Turns out both did happen so no surprise in the fact that the trade turned bad and now stands at -31%! It will be closed Monday morning! Our total annualized return still stands at 115% or so!

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