Tuesday, November 23, 2010

Bookkeeping: Buying Back this Morning's DSW (DSW) Exposure

This one worked out very quickly - after being up more than 3% this morning, DSW (DSW) is now down 2% so I made a quick 5% spread on the exposure I sold off.  While still a bit extended and I'd rather buy at the 10 day moving average (at least) I will buy back what I sold this morning (+ a small amount more).   I will continue to set stop losses at a break in trend - in this case the stock has not broken its 20 day moving average in months.  If it does, I'll be either cutting back or out.

Long DSW in fund; no personal position


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