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Old 05-21-2007, 10:06 AM
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Covered LLTC short early morning

Update on this mornings action, I never enterered a trade on DNDN, I covered my short on LLTC at the beginning of the market, I used the highs as of 1pm on Friday as my exit point today because of the sideways action it had the rest of the day. There was an early sell off and once it past the high of 36.92, I covered my short. I ended up covering my short at 36.97. I ended up making 88cents on 5,000 shares for a profit of$4,400.

Here is a chart of Friday's sideways action, I used the highs from 1pm for my exit today if it passed it, and the stock is getting a little over sold as well.

http://finance.yahoo.com/charts#char...urce=undefined
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Last edited by whodi; 05-21-2007 at 10:10 AM.
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