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Wednesday, May 30, 2012

May Trades

Trades:

  • May 26th: Bought 3x CIM @ 2.79 for both the Margin account and the TFSA account.
  • Tried to short 300 shares of FB. Order rejected by QuesTrade -- "not enough shares to short"!

Gut Check:

  • Sitting tight on CIM instead of selling any options, since ex-dividend day is probably coming up in June.
  • Can't even do a fairly sure trade like FB. I'd psyched myself up all night to do it, since no matter what it's still speculative -- one press release by an analyst and it could reverse its downward trend and spike up in price, like last week with the Needham announcement.
  • FB price is plunging again. Down over 50 cents from open, which was my cut-off to get out of the short position. Damn! If I could have shorted it, I'd be up an easy $150. Oh well.

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