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stockmktdouble (22.46)

STOCKMARKETDOUBLE DAIRY August 7, 2013

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August 07, 2013 – Comments (0) | RELATED TICKERS: SUNE , UNXL , RDN

I know, its been nearly a month since I updated this diary. Two things-I took a vacation with my family and at the same time took a break from the stock market. And then admittedly when I came home it was too depressing to update because i was getting crushed on my short position. but, nonetheless, I held onto the position because I was steadfast in the belief that SUNE was over valued at $7.80 when I started this position. I will continue to hold onto this position. I could be wrong but I think today was a look into the window of the solar industry and the outlook in the short term is not great, meaning at least until the next quarter. See below for the update.

 

 Closed Trades:
5/17-short 942 shares of RDN at $13.69
6/17-covered position on RDN at $12.92 (6% gain)

4/18-shorted 262 shares of UNXL at $38.10
5/17-covered at $29.44 (29% gain)

Start Date: 4/18/13
Starting Balance: $10k
Current Balance: $13,858.00
Return: 39%
Annualized Return:118%

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