Surf's Special Situation Journal

4 Trades.

2 wins, 2 losses.

50/50. Your entries seem like a coin flip.

 

Jah, so far not so hot. Remember JCP is still open. Surf

 

2 trades not even 'special situation' trades. so 50% shouldn't even be in this journal

 

It's not bad, but no better than a coin flip at this point.

 

No idea if you can see the mysterious 'price drivers' here:

http://ftalphaville.ft.com/blog/2012/08/17/1123081/the-cold-hearted-market-in-lonmin-stock/

...but the smoke will blow over as it usually does.

 

Can't see any price drivers, but that's a special situation--- thanks for pointing it out!

 

what is the exit strategy on JCP?

 

Don't know yet, I let the market tell me what to do. I rarely set targets ( profit stoppers) as no one knows the future. I am still expecting a huge win on this one, eventually. I'm in no rush.

surf

 

you have no ultimate stop? if this goes to $35 you will still be short?