Trade: NCTY, FRG +5.7%, DRYS +19%
New shorts:Â NCTY 9.88
Completely sold longs:Â FRG ( +5.7% long at 3.48 )
Completely covered shorts:Â DRYS 5.78 ( +19% short at 6.88)
- Finally covered DRYS short yesterday. Another smooth win on playing the commodity fade. All these divergences everywhere tells me there’s some uncertainty in the market so I decided to take profits.
- I actually was able to pull out a gain on FRG, even though I was expecting it to be red. Closing it out green is just buying me some time on my solar shorts.
-Â Shorting NCTY on NTES news.
-Â I will be buying more home health-care stocks soon.
-Â Stocks on the watch:Â CTRP, SXCI, TNDN, MR, TRLG



Comments
3 Responses to “Trade: NCTY, FRG +5.7%, DRYS +19%”Trackbacks
Check out what others are saying about this post...[...] Completely covered shorts: NCTY 8.44 ( +17.06% short at 9.88. Rational for short China. ) [...]
[...] Short NCTY 7/2/2009:Â http://ibankcoin.com/gioblog/2009/07/02/trade-ncty-frg-57-drys-19/ [...]
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