Basically the exact opposite of the previous FSLR trade I posted which saw gains from 246.00 / share through to 281.00 in a long position. This took place over about a week and the reversal at the top has started so I am taking up a position for a 1 week short play down to the 250.00 closeout mark, for $20.00 + profit per share.
It will have similar risk-reward setups to the previous trade (obviously within the short context), so if you're interested in a layout of where I set my stops and price points as well as sliding risk management, have a read at my previous FSLR posting.
Happy trading all!
Coreadrin_47
$272.51999 (08/26/08)
