Thursday, June 3, 2010

Trade 307: JBH 170 short 18.87



Trade 307: JBH 170 short 18.87

- Bearish on the retail sector due to rising rates
- JBH is in weekly ,daily downtrends, and has lagged the price downswing of MYR and DJS
- The daily open was met with quick sellers in 30 minutes of trading - signalling heavy short term selling pressure
- trying to keep a decent long/short balance in my portfolio by protecting my long NCM position.

- stops just above 19.00 (no hard stop)