Wednesday, December 17, 2008

NTES Trade Update


NTES, (2008/12/12 post)

Short : 19.40
Buy to cover : 20.64

Lost : (1.24)

So volatile market, which make NTES move again what I predicted previously, hit my stop lost point 20.60. The trade trigger and I BTC at 20.63, lost 1.24.

Unexpected FED cut the interest rate to near Zero, make the market start turn from down trend and move toward short term bull. Personally, I am still bear about current market. Will look for nice short trade set up.

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