"A man is not finished when he is defeated. He is finished when he quits."

Wednesday, August 25, 2010

August 25th


This is an overnight sim-trade short in GENZ. It continued to rise after I took the trade but I intentionally didn't add to the trade to average a better price. I believe it will come back and continue to drop. I'm currently down on the trade about ten cents at the closing price.
I won't be here at the open tomorrow because of a work commitment but let's assume I will close it out sometime after it goes positive... no price target. The cover would likely take place around 10:00 o'clock. I have a good feeling about it...


If it moves against me, we'll let it go and see what happens...

No comments:

Post a Comment

Thanks for taking the time to comment. I'll review your remarks and post on the site assuming they are respectful.