8th Aug 2011–When the DATE turn sour!

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
	14.39				Profit	~1 month 18 days

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

1. Market is really in bad shape.
2. My YOKU, RENN and FFN are all either weak or triggered. It is time to lock profit.
3. Daily chart shows that it break down from the up trend line of $14.50.
4. Intraday up trend line is also broken. Lock profit.

 

Lesson Learnt:

 

1. Listen to the market, don’t fight it.
2. Managed to get out of this stock with BIG profit before market crash. Excellent job on this one.

 

Intraday Chart

Historical Chart