Wednesday, February 17, 2010

Trade 223 + 224 - STO, AGK - breaking my losing streak

I've been on a losing streak since last Novemember, and I finally squeaked out a profitable trade, and a decent profit.

Closed my pair trade 630 long STO @ 13.64 ($318.72) + short 600 short AGK @ 13.77 (105.01) for a total profit of $423.73

the gap close was almost there - I think I would've held for one more day if STO wasn't reporting tommorrow - judging by the current reaction the CCL - I'm just weary about STO tanking tmr if the financial reports are not upto market expectations.