After the bell I realized I lost my Texas Instruments (TXN) short in error. Yesterday I shorted a 2nd half of the position that I had covered for a gain the previous Friday. This brought my cost basis up to around $24.15. Unfortunately rather than putting a stop loss to cover at $24.60 I put a limit order in to cover at that price and obviously it was sold... in the $24.40s. Not a huge dollar loss or anything but just putting it out there for transparency sake since I might go right back to shorting it.
Tale of 2 cities in exponential v simple - need to remind myself to look at both
Based on the action today and if the stock remains below this $23.60 level I'll consider restarting the position.
Tuesday, September 14, 2010
Bookkeeping: Covered Texas Instruments (TXN) Short in Error
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