Saturday, June 09, 2007

Collective2: ARII out

Disappointing to see this position exited on the lows of the day given the subsequent bounce in this stock (and the market as a whole). However, the original tenet for the position no longer looks valid after the break - and loss - of $41 left a bull trap. A push above $42 would be needed to negate the bull trap. The 200 share position closed for a -$563 (-6.8%) loss.