Thursday, May 27, 2010

Bookkeeping: SHOO'd Away

Well I appreciate when my losses come quick. This morning's short against Steve Madden (SHOO) lasted all of 5 hrs as the market melts up into the close. I am stopped out for a 2.9% loss as the stock breaks over the 20 day moving average. There is a small gap to resolve below $33 but it certainly won't be a fate for today.

The market is going right to 1102 on the close as HAL9000 smiles at it's technical efficiency and marksmanship.

No position


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