Bookkeeping: Stopped Out of A-Power Energy (APWR) Short

Quite a day in terms of being stopped out of shorts left and right. I don't see any particular news but A-Power Energy (APWR) blew through both the 50 and 200 day moving averages today; very peculiar. As always the close is more important than intraday but we're just letting mechanical stops take us out to make sure small losses don't turn into big ones. Volume is actrually quite good at about 75% of a typical day around 12:45 PM so someone wants in.

As we wrote yesterday

If A-Power Energy (APWR) breaks through all 3 lines of resistance ahead, it deserves to give me a loss. I am shorting at $8.65 with a 3.5% stake; it topped out today at $8.72 and I will stop out just over $9.00

So with the stock clearly breaking the $9.05 we're heading for shelter near $9.10, a 5% loss on this one right quick. 3.5% of the portfolio.

We've quickly been reduced from 6 core short positions to 3 in a matter of hours.- buyout rumor, upgrade and random. Yep... one of those days.

No position