Dominos Pizza – Large Short With Extra Profit

February 24th, 2009

Talk about a turn around in the markets today. Yesterday down nearly 3.5% and today up nearly 4%. I don’t want to say I saw this coming, but I have said that the market was over-sold. As for my portfolio, today was down right amazing! First, DPZ (Dominos) opened down and hard this morning on earnings news. After moving down nearly 26% today alone, members and I took profits below $4.80 on this short at nearly the exact low of the day. Of course I will go over this tonight in the Trading Video, but I had to mention it here. As for our other shorts, one was down nearly 15% today when the markets were rallying. Talk about a great day of trading. Our general trading strategy over the last few months has been working out great and will continue to but more money in member’s pockets – if you are a member of course. See you tonight for the Trading Video.

 

dpz

  • Share/Bookmark

Comments are closed.