Thursday, March 25, 2010

Bookkeeping: Stopped Out of Maidenform Brands (MFB) Short

The chart for Maidenform Brands (MFB) is almost identical to the True Religion chart posted in the previous entry.  Although even stronger in some ways (recall this stock had a period where it did not have 1 down session in a month!).  [Mar 10, 2010: Some Stocks Have Not Gone Down 1 Day in a Month]  Unlike True Religion where I took the initiative, this move is on auto pilot as my stop loss of nothing more than a 3.5% loss has hit.  (original order was last Friday)  Not much one can do here, a rising tide is lifting all boats and once S&P 1170 was broken to the upside I expected to start getting stopped out of most of the shorts.  In reality the damage has been far less than I assumed, and of course we are more than making it up on the long side.

No position


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