Selling Stocks Short; April 1, 2008
The market strength this morning is a bit much and I think it's time to pull the plug and nail down our profits on General Motors (GM). We closed it at $19.72 giving us a pretty respectable profit.
As of right now, The Intelligent Trader Long-Short Portfolio is 100% net long. Our indicators tell us that we're on OFFENSE and we'll heed those for the time being.
RAC
The Intelligent Trader
Tuesday, April 01, 2008
Closing GM Short
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