Monday, November 9, 2009

Tim Sykes' QXM short trade, Nov 6, 2009

QXM day Tim Sykes shorts
This is an inter-day short trade. According to Tim's notes on his site, the date of the trade is Nov 6 but judging by the price level (bought at $4.31, sold at $4.80), the stock must have been sold short a day before. That day, Nov 5, was indeed the day stock cracked but Tim's stated sell price indicated that he was part of the action from the very beginning. With no easily found news related to the stock during the time period, this looks like a masterful trade. It is interesting that he has executed a long trade in the same stock just the day before.

1 comment: