Friday, September 12, 2008

Final Exit in Pot Trade

update (11:57am): typos fixed. Thanks to those who pointed them out.

I exited what was left of my POT position at $159.89. The final details of the trade.

100 shares of POT bought at $139.22

Exit 50 shares at $150.04
Exit 50 shares at $160.06

Average exit $155 for 11.3% gain.

Total Profit : $1583

Recent POT and commodity related posts:

Commodity Trades and Last Night's Game Plan from the Trade Report

The Only Way I Know to Trade Post-Boom Commodity Bust

Partial Profits in Commodity Bounce Trades


twostep said...

how did you make money if you shorted at 139 and covered at 155?

market folly said...

think you mean long positions, yes?

nice plays if so