Wednesday, March 19, 2008

Short Trade Of The Day - Agnico-Eagle Mines Limited (USA) (Public, NYSE:AEM)



Shorted $69.89
Closed position $68.71

Notes
1) The 11:00 bar was a better trigger comparing to the 10:30 bar because of the spread. It was 60 cents vs 87 cents
2) Other metal stocks showed reversal before AEM. At the end, I exited before it hit my stop and it was a good choice.

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