Stock Pick by David Morello

MBI: Closed Group Short

Start trading MBI with real money!

Rate Analysis

2 ratings

Posted 479 days ago on 7/30/08

Market call:MBI will go UP
Target: $7.50 on 10/30/08
Current: $3.49 (-29.07% from time of market call)
Close: $5.93 (20.53%)
on 7/31/08

I closed this short position in the Group Port even though it wasn't added by me. I usually don't tamper with co-adminidtators position, but I've already gotten killed shorting and stocks've made a short term bottom. Looking for a rally up to the 50 day MA.

Add a Comment

Comments

Sort: Date Posted | Member

David Bowles

Posted 7/31/2008, 11:01 pm

Smart move. Close all shorts before and/or shortly after Labor Day.

Displaying 1 - 1 of 1

Subscribe to Stock Analyses Comments feed: