Thursday, July 22, 2010

Damage Control

Looks like I need to do some damage control today.

Close LVS @ $25.05, -8.9%
Close EDZ @ $37.03, -9.1%

Just some housecleaning, as my bearish timing is off. I've decided to cut off losses after 5%. I know it's an arbitrary number, but risk tolerance is arbitrary. I'll start low, and expand it later if it doesn't work for me. Just an experiment.

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