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Thursday, October 7, 2010

Covering Netflix

Ok, so I shorted this name at 162, only to see it run to 172, and now at 149 I'm covering.

Who needs the grief.

I think the stock is still over-priced, but I much rather step aside because the Wall Street hype machine is probably getting started again.

And I'm taking what they give me!

1 comment :

Anonymous said...

nice cover/call