Friday, August 28, 2009

Bookkeeping: Stopped Out of Shanda Interactive (SNDA)

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Figures. Was chasing Shanda Interactive (SNDA) with limit orders for the better part of a month; finally threw in the towel Tuesday and just went with a market order about $5 lower than I had my first limit order set at, and it has done nothing but rally since. My stop was $51.20 - offsetting the short in the $48.20 area or a 6% loss on a 4% stake in the fund.

This is my first transaction in 3 days, showing my apparent apathy and/or inability to unearth the tangible value in AIG, Freddie, and Fannie.

No position


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