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I covered all 300 shares of OII at $41.50 (short at $36.05) for a $1635 loss (-13%). This is one of the worst trades I have made in a long time. I'll chalk this one up as a learning experience. The only saving grace is I went with a smaller than normal position size.
I covered all 500 shares of my TIE short at $29.20, for a gain of $720 (+4.8%).
I went short 500 shares of LEN (Lennar Corp.) at an average price of $45.05.
I am still holding NEM.
While I made $975 today (pre-commissions and tax), which is double what I made at the day job, i still feel miserable. Many head coaches have commented that the lows of losses far outweigh the emotions tied to winning. This picture of Dallas Cowboys head coach Bill Parcells says a thousand words. Right about now, I know every last one of them . . .
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