Tuesday, October 6, 2009

Long SRS

I am long 300 shares SRS at 10.29 - daily chart looks interesting, and my bearish bias makes this one the best looking one for an early entry.

I wasn't necissarily planning on jumping short today, however the market failing to hold its highs showed a bit of weakness, and I think that's all the bears are waiting for to jump in.  It will be arduous holding this position through the beginning of earnings season, hopefully it works to my advantage.

Stop at 9.40


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