Thursday, February 25, 2010

Trade 232: LEI

I've tried shorting LEI times already many many times without any success - let's hope 4th time lucky!

I shorted 290 LEI @ 37.44 with a tight stop loss.

Basically this is a short term trade, where I expect the overnight US movements to be to the downside, and if it's > 1% there's a good chance I'll get some good opening gap downside to LEI; where I'll offload about 150, and keep about 140 riding for the market downswing.