Bookkeeping: Stopped Out of Maidenform Brands (MFB) Short

 @ibtimes on March 25 2010 11:45 AM

The chart for Maidenform Brands (MFB) is almost identical to the True Religion chart posted in the previous entry.  Although even stronger in some ways (recall this stock had a period where it did not have 1 down session in a month!).  [Mar 10, 2010: Some Stocks Have Not Gone Down 1 Day in a Month]  Unlike True Religion where I took the initiative, this move is on auto pilot as my stop loss of nothing more than a 3.5% loss has hit.  (original order was last Friday)  Not much one can do here, a rising tide is lifting all boats and once S&P 1170 was broken to the upside I expected to start getting stopped out of most of the shorts.  In reality the damage has been far less than I assumed, and of course we are more than making it up on the long side.

No position

x

Join the Discussion