Here is this weeks short is ECOL. Currently at 18.85. I am shorting now (6:20) and I have a second short order at 18.90. I look to cover in the moring at 18.25-18.40
Update: ECOL is currently at 19.11 at 7:46. We will watch this very closely in the morning. We will want to have an standing order to cover if it goes above 19.50. If ECOL drops in first half hour in regular session we may take profits at higher levels than before. I may start to sell at 18.50-18.75. It all depends in how the actions shapes up in the morning.
UPDATE: After we shorted the price continued to run to 19.17. At this point it is at 19 and looks like it will not drop enough. We will close our possition between 10 and 10:15...it is actually moving faster now 18.95. We may just break even on this one.
UPDATE: We have placed an order to cover our short at 18.80. We got a partcial fill. We will look to close at that level.
EXITED: This is the safest point to leave the trade. We got 2/3s filled at 18.80 and 1/3 filled at 18.85. This did not turn out to be profitable as expected but at least it was not a loss...hope to do better next week.
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