Take the Good with the Bad

By -

Yesterday morning I shared some bad news about a stock that I was short – APL. Today the shoe is on the other foot. One of my shorts – ASIA (on which I had a somewhat larger position than APL, 1400 shares) lost about a quarter of its value due to its bad earnings release.

0729-asia 

I confess that in situations like this I just take the money and run; I don't want to be in a situation like AMZN presented recently in which it opened dramatically lower and spent the rest of the day climbing to a virtually unchanged position.

Share this post: