In an effort to maintain my short position I put on and stopped out of 2 trades in the holiday overnight market. However last night I went short again for a 3rd attempt on the short side and woke up this morning in the money for about 10 points of downside movement. I continued my short of 1 @1365 and today's market followed thru on the downside closing at 1352. My plan is to maintain my short with a wide stop with a long term objective of that 800 area on the SPX.
Liquidation value $16,470 (+$1,640)
Tuesday, February 19, 2008
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