I could once again take some nice profits in Jcom but this time I doubled my initial position. Bought twice as much @26.30. Let's see what happens.
UUpps we are already @ 26.92, sorry.But it took some time to write this post and then I normally check the spelling. Two minutes can make a difference.
Sold half of the position I bought @ 26.30 @ 27.38. Still long the other half additional position. And of course still long position @ 25.98.
I see a reversal and I smell a short squeeze. Short % of Float (as of 8-Oct-03): 37.06%. Last quote: $ 29.00. LOL.
Just sold the other half of the position I bought @ 26.30 @ 28.68 with a gain of 9%. Still long initial position @25.98.
To sum up there is a realized gain of 14% + 4.1% + 9%% = 27.2% and an open position that is 10.5% in the green(at least so far).