Bagged Roughly 3% On The Overnight Short

Home / Stock Comments / Bagged Roughly 3% On The Overnight Short
July 24, 2009

From my overnight short yesterday I bagged about 3% (might be closer to 2.5% on average). I sold those index shorts this morning and didn’t get hit with the late day rally.

I stayed in cash and did not go long the indexes at the close today. I think the market is at a point where it could pullback. However, I’m not looking for much.

Recap of stocks purchased on Monday performance:
Account 1:
AVII 9%
CHINA 36.38%
RAE 22.35%
SFE 24.6%
IPAS 10.4%
PWAV -1.42%
TWER 12.6%

Acocunt 2:
AGO 13.62%
CSR 9.63%
FVE 6%
IBAS 2.2%
IPHS 4%
MFW 2.6%
NRF 4.4%

Account 3:
AVII (purchased today) .54%
DGP .29%
FLEX 11.69%
FRG -2.02%
RBY -2.6%
URE 10.2%

Account 4:
AVII 3.54%
CHINA 36.93%
CSR 4.18%
IPAS 10.5%
PWAV -1.42%
RAE 13.42%
SFE 24.69%
TWER 9.61%

Variations in % gain were determined by purchase price. Also the ERX and TAN trades made earlier in the week were profitable.

Other stocks I just didn’t have capital to purchase were SOL and LVS. Both would have been nice hits. Both SOL and LVS look great RIGHT here as they have trendline breaks. I haven’t had a chance to go over stocks yet, but I will probably post something over the weekend.