Wednesday, September 2, 2009

Trade 72, 73, 74 - Setting up more Shorts

These are the stocks shorted based on overall weakening in global markets, and the recent run-up in financials makes for a sell-off imminent - hoping I can catch the trend here.

I plan to average into more stock if markets rebound tonight, tommorrow, and set stop loss limits tommorrow depending on market conditions.

Trade 72 Short ANZ entry 100 @ 21.34

Trade 73 Short WBC entry 100 @ 24.178

Trade 74 Short RIO entry 100 @ 55.99

Trying to keep my margin requirement until 1k, as my account is only 9k at GFT.