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Cover Example
Mar 11, 2009

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Tim Knight

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I wanted to provide an example of a successful short which I closed this morning. I shorted LMIA at about $13, and it fell nearly 70% in a very short amount of time. I closed this position because (a) it had reached meaningful support (b) let's face it, for a short-sale, a nearly 70% plunge is about as good as it gets! The risk/reward simply demands closure.


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LMIA
C:12.7000

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