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stockmktdouble (51.90)




June 30, 2013 – Comments (0) | RELATED TICKERS: SUNEQ , UNXL , RDN

On Friday SUNE went up 2 cents to $8.17. In the last 2 trading days the stock has moved or not moved, from $8.15 to $8.17.  It's probablly no coincidence, the DOW has ended up flat also for those 2 days.  My gut feeling tells me that SUNE has run out of gas and doesn't have a whole lot of upside, at this point.  Generally speaking I think, that if the market goes higher, that the % increase in SUNE would match or be less than any increase of the index.

However, if the market were to turn down at this point, I think that SUNE will go down signifigantly more percentage wise than the index would. I feel secure being short SUNE at this point. Since opening the position on June 17, I am up a  little more than 3%. Lets see what tomorrow briings, until then see the results below: 

Update for Friday, June 28, 2013:

Current position-short 1622 shares of SUNE at $8.45

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: $14,176.00
Return: 42%
Annualized Return: 210%

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