Thursday, October 14, 2010

Bookkeeping: Stopped Out of Shanda Interactive (SNDA) Short

It appears late yesterday my short in Shanda Interactive (SNDA) was stopped with a 2% loss around $40.15, as the stock broke over the 50 day moving average which has served as a ceiling.  No surprise here as Chinese stocks have surged the past few days; frankly the lack of performance in this name within that atmosphere is especially interesting.

And with that every major short position is gone by the "no one loses" (except shorts & anyone who holds their wealth in dollars) market.

No position


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