Friday, September 24, 2010

Bookkeeping: Stopped Out of NASDAQ OMX (NDAQ) Short

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Considering the environment NASDAQ OMX (NDAQ) has been a "good" short in that despite an ever rising market it was stuck below resistance the past few weeks.  Finally today's gap up and surge in the broader market ended the show, and my stop loss was hit, so we're taking a 4%ish loss.   If the market would have ever suffered any meaningful drop off in the past few weeks this lack of upside energy during the good times, would have led to a great probability of some nice profits to the downside, but you cannot fight a tidal wave.



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