Pre-Vacation Positioning
January 10th, 2006 by BWV
Most of my positions are pared down to 1/2 size or less now. Gotta keep my mind at ease as we traverse the wild wonderful midwestern states tomorrow.
Just shorted SINA.. somewhat of a competitor to NTES. With SINA is probing 3 months lows at the same time NTES is rocking, something is likely to be seriously wrong w/ the stock.
I got on this one later than I like to.. 23.30. But at 3:10pm it appears SINA will close way down here.. opening the door for a quick butt-whooping. Huge downside volume the past 5 days also.
On another note.. I had gotten “bored” in my SIGM long today.. and sold out at $15.10 to basically break even.. then about 2pm it broke 15.50 with big volume supporting the move. So we’re back in again.. with a slightly worse cost basis. OK by me.
Long SIGM
Short SINA
