From the Trading Desk

CBEY 1-7-08 to 3-10-08

CBEY was a great short but the huge gain in a short time was not expected. What is worse is that, once again, I mismanaged this one and instead of waiting for a HUGE volume surge over the 50 DMA and/or a move above the 200 DMA, I did cover with a move over the 50 DMA. This was a mistake but still despite this mistake CBEY produced a wonderful 61% gain from breakdown to the low of the move. However, had I waited for a move over the 200 DMA, I would still be short and would have had a 76% gain by 10/27. No matter what it was still a nice 61% move in three months.

the breakdown:

cbey1708zoom3__Large_.PNG

cbey1708zoom1__Large_.PNG

the low of the move:

cbey31008__Large_.PNG

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