On 02.16.10, In Uncategorized, by David Pinsen
For a loss of 6.8%. I mentioned in a previous post that I had shorted USG (NYSE: USG) at $12.45. Initially, I had set a stop buy order a little less than 10% above that price, but when the stock dropped below $12, I tightened up my stop. I could have covered there for a single-digit gain, but my M.O. so far with shorts has been to aim for double digit gains while limiting losses to single digits.
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