As per prior post, trailing stop hit on this mornings short at $36.62 allowing us to lock in substantial profit. We are still holding short core quantity which is fully hedged. We will add to short position if price spikes again.
… Please click here or the title below to read more.Acquisition of NZ by IBM has caused a spike in shares of TDC this morning. We anticipated this possibility and our short position is completely hedged. We think probability of TDC being acquired in the short term is small. We will take advantage of this up spike and start lightly scaling in additional shorts starting right here at $38.17
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