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Thursday, April 13, 2006

Update - ORCC CERN

So my prediction for ORCC going to $13.50 came through. ORCC dropped to $13.41 at 9:33am after reaching a high of $13.75 in the pre-market at 8:34am, a 2.5% drop. Not bad if you ask me. Of course, shorting last night during the after hours could have produced even bigger shorting gains.

CERN traded very thinly at the start of the pre-market where it opened at $45.88. It went as low as $44.81 at 9:58am. A gain of 2.3% on the drop, however if shorting in the pre-market it would have been difficult to get a sale in. The majority of the trades occurred in the $45.30 range, so with enough buying power this too could have been a good typical short. My trades had I shorted would have been done on these 2 stocks now. The drop in price was achieved and I move on to the next day.

Comments on "Update - ORCC CERN"

 

Blogger CramerTracker said ... (April 14, 2006 1:29 PM) : 

Hey. Thanks for the comment. Definitely a nice short you had there. Good luck on your EPL short. Would like to know how it goes for you. Looks like you got in near the high so I have little doubt you will do well. Hopefully you will even get some help if oil prices decline next week

 

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