Out at the peak

Tuesday, April 18, 2006

Short disclosure

I successfully shorted RYL from 70.98 down to 66.90; trade is complete. I had a feeling the HB's would have a bounce today, and they got it. RYL is back up to 67.64 now.

This was not an easy ride as RYL spiked to 73 before hitting my sub 68 target. I believe I also have to pay out a div which was only 0.12/share and barely affected profit.

Shorting is dangerous and should not be considered an investment ... only do it with play money.


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