Friday, August 26, 2011

Trade Update: IAU

We were stopped out of our short position on IAU last night at $16.95, for a gain of $138. It was a good thing that we did because today the shares gapped up and are already trading at $17.40.

Let's see which way the wind blows before getting back in.

Short full IAU at $18.33
Stop at $16.95

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