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



2 comments:

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