iBankCoin
Joined Jul 30, 2008
2,107 Blog Posts

Trade: IPI, WIRE, NFLX, CLR

Partially covered shorts:  IPI ( -14.50% at 47.70, short at 42.24)

Completely covered shorts:  WIRE ( -1.57% at 18.79, short at 19.09)

Added to shorts:  NFLX (30.89)

Added to longs:  CLR (49.84)

IPI was supposed to be a hedge against my energy plays.  However, due to low volume market, the commodity correlations are not strong.  IPI moved on light volume, but I’ll cover some here because POT barely moved all week.

Cutting the WIRE here too.  Barely moved today when market dropped -170 points.  If a trade doesn’t work right away, cut it!

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