Thursday afternoon

My plans on shorting were postponed over and over again until I now have given up the plans for today as we are seeing considerble strength.

Thursday morning

ERIC is staying on the positive side. Looking for opportunities to short it though. Will keep you posted!

Closed at the close

Took a shot at continued weakness, but ended quite flat.

Short again

took another short position here at 58.55

Covered

a quick one, but covered here (58.25)

Short pos

from 58.60

Exiting

I just sold my ERICs since I feel it's time to close the position at the best price as possible (68.90) corrected: 67.90.

Long position

Bought ERIC at 67.90.

Today

Bought back the ERICs at an average of SEK 68.79. I felt I was right in my short position. Luck was not on my side today thogh as I was resting with my order to cover the position at 68.00 (today's low is 68.05). However things like this tend to even themselves out... in the long run.

Some of you wondered why I did not cover earlier, but this is how I trade. I want to get the big moves and make fewer trades as this is what, for me, pays off in the long run.

Have a nice evening folks!

Update

Aiming at closing the position in portions from now until the close.

Strategy update

Aiming to buy my short position a bit further down around 68. In case ERIC moves back to the entry level I might close the position at break even.

Short

Last week had only very small (financial) rewards to offer.

New week, shorted ERIC at 69!