May 10, 2010

Of Short Coverings and New Longs

Closed Noble & EZRA shorts, upon reading that EU came out with a nearly $1 Trillion dollar package to save the Euro. This was a no brainer. I also took the liberty to go long on the following counters as well first thing in the morning today:
  1. Rotary at $1.03
  2. CapitaLand at $3.65
  3. SGX at $7.65
(1) & (2) was due to the bullish engulfing spotted. (3) will be explained in my next post.

Note: The number of lots bought is not mentioned as it is up to my own discretion to disclose.

No comments: