Thursday, March 9, 2017

Net Pacific Finance Short 2

Entered shorts @ 70, will add if 69 breaks.

Out this morning for my MR ceremony and listen to strangers talk about Exxon Mobil and other equities... everyone seems to be an expert...

MTOBEIMF

Update

Short NPF 9 March 2017





Added shorts after 69 gave way. The counter is showing signs of slow selling already since it has come down from 90++ to 60++ levels. Initially already placed buys @ 62 and 60 respectively. BUT since naked shorts have to be covered on the very same day and selling is moving at a grinding pace. I decided to close the shorts in advance rather than waiting. It's possible a short squeeze might come in later.

Anyway, thank you Mr Market again for half a day's work... MR LOR!!!!!


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