Good news, Sugar Honey hit our entry SHORT price target of 22.15 yesterday (Wed, Aug 19th 09) and closed at $ 22.67.
Today it plunged 3.09% to close at 21.97. Not bad at all, and we are in the money.
Hence I still recommend to keep our 24.59 Stoploss limit as it is and close 50% of the positions @ or around 20.10, a further 20% @ or around 19.20 leaving the last 30% for a good solid 18.30.
Best of luck.
No comments:
Post a Comment