I am try trying again with a short of Whirlpool (WHR) - I was stopped out on that break over the 200 day but thus far it looks like a head fake. The computers took the price right over that key level to shake out all the stops and then took the stock back down. I am shorting a 2.4% exposure near mid $81s. Now that the game is obvious, a stop loss can be placed over the intraday highs of the past 2 days (around $83.70), rather than just above the 200 day moving average. Frankly if my "berth" for the stop loss had been just a tad wider the last time around, I would have been ok in retrospect.
Short Whirlpool in fund; no personal position
x
Thursday, October 7, 2010
Bookkeeping: Short Whirlpool (WHR)
Posted by
Mark
at
9:55 AM
Bookkeeping: Short Whirlpool (WHR)
2010-10-07T09:55:00-04:00
Mark
shorts|
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Labels: shorts
Bookkeeping: Short Whirlpool (WHR)
2010-10-07T09:55:00-04:00
Mark
shorts|
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