Wednesday, December 24, 2008

taking some profit

As you remember I opened a long position in dug @28.35 about 10 days ago and yesterday took $6.06 p/s divedent. I am still mid-term bullish for dug. But due to the holiday season and low volume in the market, I decided to close that position. I believe it's always better keeping in your pocket than keeping in the market.

Closed at 29.29

((6.06+29.29)-28.35)/28.35 = 24.7% profit
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