Tuesday, 27 March 2012

Broadvision (BVSN) Back End of the Pump

Shorting BVSN has been fraught with difficulty up until last week. It was the pump that didn't stop. I have already been burnt, so was apprehensive re-entering the trade. However the Wednesday crack finally signalled the pump is done.



I shorted the Thursday morning bounce at (av $35.83) with a $37 stop, and covered into the morning Friday panic (32.10). I will be looking for similar trades over the next few weeks, unfortunately a long term short is out of the question for this one, borrow rates are 100%+.


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