Tuesday, June 23, 2009

WRES

I am short WRES now at $2.19, with a stop at $2.55, The chart is ugly and it's low risk. My eventual target is $1.12

On another note, my Bull put spread is performing well, it's flat so far and INTC is outperforming the market today.

I am trying hard to hedge my short bets right now, I feel the market will go down a lot, but I have to trade more neutral than that.

Ryan

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