Short Pos

Short from 64!

ERIC Tuesday

So, we saw another day with little price action in ERIC. The action that was there was in the wrong direction for me as I was looking for shorting opportunities. Did anybody else make money in ERIC today? Anyway, I will give it a good try tomorrow. Stay winter cool kids

Monday..

..was not a very exciting ERIC day at all. It was a day off for ERIC so I found no reason to trade it today. Better trading tomorrow I hope.

Unloading

1.05 SEK in profit is enough for now. Selling (63.70)

Friday friday

Started off this friday by buying ERIC at 62.65

Covered the position

Unsure whether ERIC will continue furter down. Covered here at 61.95

Short pos!

I am short from 62.75.

Closing

Closing in the closing procedure. It's been a shaky but still quite stable ride today..

Bought it

long from 63.80.

Yesterday's ERIC

Unfortunately I was too unfocused during the afternoon yesterday to be able to get on the train heading north. Better luck today?

Morning and a brand new day

Closed yesterday at 61.70, with a handsome profit. Now, looking for new opportunities today.

Goal

aiming at selling at 1 SEK/share in profit around 62.05 or at the close.

Trade update

The strong intraday trend is intact. Going into the last 30min of trading I am preparing to unload. Will keep you updated.

New Week, New Trade

Starting the new week by buying a bunch of ERIC around 61.0-61.05 SEK.

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!

And.. selling in the call

Finishing the week here

Time to buy

Grabbed some ERIC Bs at 69.05 and 69.

Friday

Yesterday, no closing up. This week has thereby been very quiet.

Friday ERIC is quite strong so far. The question is if this will hold for the whole day. I will get back to you on this..

Time's up

Now it's time to sell it. ERIC has been quite strong today, let's see what the closing call brings..

Buying it

I longed ERIC at 68.30. Taking a shot that this post-Sony Ericsson advance will strengthen.

Today's ERIC

Todays ERIC chart is so boring so no ERIC-trading took place today. Hope you guys out there were successful!

Closed it

Had some favorable development, but closed the position here at break-even (66.50).

Update

Apologies for the late update, but as I wrote earlier I shorted when ERIC gave us a downside breakout. Sold at 66.5. Now waiting for some further weakness..

ERIC is weak

Will short it on a downside break-out.