Hopefully it works out as well as the last trip where we made a quick 9% in about 7 sessions; just covered Monday.

Covering Valueclick (VCLK) around $10.05 - all of it, nice quick profit of about 9% in 6-7 sessions with 4% of the fund. I will reshort on any decent bounce (+6-7%)

And here we are again in a market with no memory from day to day. My limit order to short Valueclick (VCLK) at $10.75 should be hitting as we speak. We'll do the exact same 4% allocation we did last time around - I see upside to $11.00ish - we'll stop out around mid $11.20s if and when.

Until Valueclick can show it can break north of resistance we'll attempt to keep mining this trade.

id=BLOGGER_PHOTO_ID_5371711176940256402

Still watching that semiconductor short mentioned yesterday as well ... also added back the 20% October 95 SPY Put exposure we sold off Monday, so now we're back to the full 3% exposure in our insurance fund

Short Valueclick in fund and personal account; same for October 95 SPY Puts