Monday, July 6, 2009

Trade 21: Short MQG

I shorted 80 MQG@37.00 inline with what I thought would be carryover weakness from US, as well as know that the July 4th Holiday will probably lead to another weak day on the ASX200. It was trading below the 100MA and I'll put a stop just above the entry point at 37.25 and the downside target 34.45.