Bookkeeping: Stopped Out of Vulcan Materials (VMC) Short

By Trader Mark
16 March 2010 @ 11:11 am EDT

Not surprisingly the never ending melt up is taking away some short exposure... as noted yesterday the advantage in shorting Vulcan Materials (VMC) was it was just below a very close by stop out point, in this case $46.00.  I gave it an extra 10 cents to provide me some leeway, and that kept us in for most of the morning, but the breakout in the S&P 500 has launched this stock, among many others I am sure. "Student body left trading".

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