Friday, January 30, 2009

Bookkeeping: Taking Half Off Shorts in EZCORP (EZPW) and Brinker (EAT)

Posted by TraderMark at 11:16 AM TweetThis
I shorted EZCORP (EZPW) and Brinker (EAT) at roughly 2.75% weightings each earlier this week; so together 5.5% of the portfolio. [Jan 27: Bookkeeping: Short Brinker] [Jan 27: Bookeeping: Short EZCORP] We have a quick 6-7% profit in each, so I am going to take HALF off the table in both.

By doing this, I am playing with the house's money if I get stopped out. If the stocks go back to my original short points, I will rebuy this "half" of each trade. If they fall another 4 percent or so I'll close out either / or.

EZCORP was shorted in $14.60s and now half is going out at $13.80s. Brinker was shorted in $11.70s and now half is going out at $10.80s.

Just realized after booking these short profits I'm at 90 percent cash. Oops.

Short/Long EZCORP in fund, Short Brinker in fund

Posted by TraderMark at 11:16 AM

| Edit This Post | Create A New Post

Labels:

Subscribe to: Post Comments (Atom)

Disclaimer: The opinions listed on this blog are for educational purpose only. You should do your own research before making any decisions.
This blog, its affiliates, partners or authors are not responsible or liable for any misstatements and/or losses you might sustain from the content provided.


Site by codeeo
Original WP Premium theme by WP Remix