locogmac > Trade Notes

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locogmac: Trade Notes

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Trade

Sold Short 150 shares of JRJC at 15.69

locogmac posted on 03/10/08 at 09:09 AM (Note posted about 3 hours after the trade)

JRJC 8.11 -0.19 [-2.29%]
Trades \| Notes \| Blogs
Users Bought (30 Days)	0 (0%)
Users Sold (30 Days)	0 (0%)
Market Cap	890.10M
52-Week High	28.04
52-Week Low	4.48
10 Day Volume	212,000
P/E	10.38
EPS (Trailing 12 Mos.)	0.68

1Day 5Day 1Mo 3Mo 6Mo 1Yr

My Trade Ticket

Transaction:	Sold Short
Symbol:	JRJC
Quantity:	Not Shared
Price:	$15.69
Value:	$Not Shared.

Stop Order:	Yes @ $N/A
Target Price:	$15.00

Trade Note:

After getting out of MELI, I had more buying power/shorting power. Honestly, I was just bored and with free trading, of course I wanted to find a quick trade. Found JRJC, which just broke its 50dma last Friday. It has a support at around 14.80-15, so decided to limit at $15. I will short JRJC again if it falls below its support, because after that support it looks like the next stop is in the 10-11s.

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locogmac > Trade Notes

Sold Short 150 shares of JRJC at 15.69

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