Tuesday, April 24, 2012

24th April 2012 – Burning sensation of AZO pain relief.

Buy $

Sell $

Short $

Cover $

Stop Loss $

Profit / Losses

Duration

 

 

 

381.90

 

Even

One day

 

temp Reason for Buy / Sell / Short / Cover:

 

  1. Decided to cover after seeing a strong move upward even though the market is going down to protect my capital.
  2. AAPL is going to report quarter on Tuesday, result is most probably on the +ve side and that can drive the market up easily. Hence it will not be good for  this short.

 

Lesson Learnt:

 

  1. My decision at late night was worth every single cents. Price gapped up more than 3% before market today.
  2. It is WRONG to pick this stock to short in the first place. Patient, time will come.

 

Intraday Chart

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Historical Chart

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