Thursday, May 21, 2009

Equity Short Update

1. Close short position on ANN in full @ $7.21. 
2. Close short position on HEW in half @ $29.60. 
3. Close short position on BAC in full EOD (update: @ $11.36). 
4. Initiate new short position on DBP EOD (update: @ $33.02). There is no liquidity with this thing!
5. Initiate new long position on IEO @ $42.37.

P/L:

ANN:  + $1.37/share
BAC:   +$0.75/share
HEW:  Ongoing.

Looking for a short term upmove, then perhaps I'll re-short the consumer disc. sector when the signal re-emerges. 

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