Tuesday, November 10, 2009

Bookkeeping: Short E-House Holdings (EJ)

We have a very tiny long E-House Holdings (EJ) which we would add to on any breakout north of resistance but unlike many of our other names, this stock has been held back by some of its moving averages.  Since we are so lacking of short exposure, I thought I'd give it the college try since we have a low risk entry here.  I've put on roughly a 3% short position around $19.50.  We'll give this a 5% berth in terms of stop loss, which would also be a higher high than we saw this morning, i.e. $20.50ish.

Long/short E-House Holdings in fund; no personal position

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