Friday, December 9, 2011

Update and closing the trade

Not sure we will see so much more decline in ERIC today. Entered the short position at 67.75 and then the price went up a little just before it bottomed at 67.20. I just closed the position at 67.55.

Weak ERIC

Today ERIC is weak. Trying a short one, in line with the news flow.. (67.75)

Thursday, December 8, 2011

Wednesday, December 7, 2011

Today summarized

Today I was looking for a profit on the short side. Was .1 SEK from hitting my order to buy at 69.3, but the good old ERIC turned around at 69.40. I covered the short position at the closing price 70.35 resulting in a minor loss. Time for some good ones now as the trading has been somewhat weak lately.


Update

Going for lunch but will remain with the position to around the area 69.20-69.30.

Short

Pre-lunch shorting ERIC B at 70.10

Tuesday, December 6, 2011

No position

No position today and I believe that was a good thing since no movements normally means no or negative cash for me. Let's hope for a big one tomorrow.

Ciao

Calm Tuesday

Our Tuesday in ERIC has been calm so far. Will we see more action during the last trading hours? I will short if we see ERIC at 69.75 again.

Monday, December 5, 2011

Closed

Closed the position at 70.35

Update

Trying to close the position as close to 0 as possible. I will probably wait until the closing bell.

Short position

ERIC shows weakness. Trying a short one (69.45)

Chart reading

ERIC is hesitating a bit whether it should continue down or bottom out here and start it's journey northbound.

Monday morning

Dear followers,

after one week away from trading I hereby declare that today is once again trading day. More info soon.