Tuesday, January 23, 2007

Trade Update: Covered BA @ $87.30

Covered @ $87.30 /1000Here is the reason why I shorted this stock.

When a stock is suppose to go up but it breaks down but then it moves up again...now I got confused trying to explain this latest price action.

Trade Details:

Shorted 1000 shares @ $87.10 on 1/22/2007
Covered 1000 shares @ $87.30 on 1/23/2007 for a loss of $200. A -0.2% return.

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