Well, that was certainly a very short affair with Gafisa (GFA) - we put on a trade (only) late yesterday in the $27.40s with 2% loss limit (stop loss $26.85) which we were taken out of first thing this morning. The stock sliced right through the 200 day moving average as if it was not there - fascinating. We'll see if that was done just to collect stop losses (such as mine), before some sort of bounce occurs.
Back to cash with that 2% allocation.
Friday, January 22, 2010
Bookkeeping: Stopped Out of Gafisa (GFA)
Best Of FMMF
- 1: Warren Buffet Piles on Europe
- 2: [Video] Jim Chanos Returns from Europe, Even More Bearish on China
- 3: A Chart to Open Our Eyes - Staggering Changes by Multinationals in Employment Behavior 00s vs 90s
- 4: Futures Blasted on Dexia Woes... and Poor Preliminary China Data
- 5: Market Working to Worst Thanksgiving Since 1932
- 6: Et Tu, German Bonds? Poor Auction Raises Eyebrows