Monday, 28 January 2008

Back into the Staples short

I'd successfully shorted Staples (SPLS) earlier this the 13 days since I covered that short, the stock is back up about 14%, so I'm getting involved again. I sold around $23,000 worth at 22.93. If I'd waited closer to the close, I coulda squeezed another 1.5%-2% out of it, as it closed at $23.33.

Anyway, not to worry. There is no way a business supplies retailer is going to do well this year. I'll just try and take 10% out of it as many times as possible.

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