Thursday, August 9, 2012

PCLN- Why CORE shorts Stayed in place

PCLN is a good example...

 Entered at $761.79, now up 26+%

As I said back at the June lows, "I'd rather leave core shorts open and hedge them with longs", the market has too much volatility and event risk. The best case scenario is the long hedges make money, the core shorts go on to continue making money. Worst case, you're hedged. My only regret is PCLN could have been filled out a bit more, we just never got that decent counter-trend move to add.

The area PCLN was shorted in April and yesterday's break

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