Monday, August 9, 2010

Bookkeeping: Layering the 2nd Half of a Short on Whirlpool (WHR)

When I shorted Whirlpool (WHR) Friday I said I am going small because the stock had a propensity to run to its 20 day moving average, hence I'd rather short there

It has been trending down for a few months, and the 20 day moving average has been a good place to short the past 6 weeks.  That is currently up in the $87s, so while I am establishing a foothold I want to short more either on (a) a rally back to the 20 day or (b) a new low below $82

We are here now, so I am going to put the 2nd half of the position on.  If the stock breaks decisively over the 20 day we'll be gone.

Short Whirlpool in fund; no personal position


Disclaimer: The opinions listed on this blog are for educational purpose only. You should do your own research before making any decisions.
This blog, its affiliates, partners or authors are not responsible or liable for any misstatements and/or losses you might sustain from the content provided.

Copyright @2012