Thursday, February 21, 2008

Shortinggg...

Yesterday, I shorted 10 shares of BIDU at $273.30 but unfortunately it closes at $247.40 because of a good economic news. Today, after it reaches high at $250, I finally cover my position at $241. I know it's almost nothing to gain but at least I don't lose money and regarding commission, I still can free using my Zecco account.

Also, after a good earning report, RIMM gain close to $10, I shorted 20 shares at $107 each. From previous quarters, this gain usually will not last long. We will see in the next few days whether I'm right or not :)

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