SHORT GE

shorted 7.84; added 7.892
bought 7.82

reason for short
- shorted on surge back
- over all weak chart as with other financials


reason for covering
- getting to mid day
- already missed the initial short party, afraid of bounce back any sec. now.
- initial short was too done too haste, 2nd short was to avg up on that mistake.
- mistake on 1st short, so gotta get out asap on profit.


update:
- stock wicked down 7.80 and came right back and went past 3ma's. This was what i was afraid of..glad i got out early with good profit.