Eoin's personal portfolio: stock market short closed and profits taken in commodity longs
Comment of the Day

September 21 2016

Commentary by Eoin Treacy

Eoin's personal portfolio: stock market short closed and profits taken in commodity longs

Eoin Treacy's view

With Nvidia holding its rebound from last week’s low I decided to take the loss on the my short position covering at $65.37 against my sale at $59.70, taken out on September 9th. 

I also decided to take the profit on my longs in Live Cattle and Feeder Cattle selling at $108.5 and $132.35 against purchases on the 6th of October contracts at $101.613 and $130.91.3 respectively including spread-bet dealing costs.


These more than offset the loss in Nvidia. Live Cattle has just about unwound it overextension relative to the trend mean while Feeder Cattle has been drifting at best so I thought the balance of probability was skewed towards capturing the profit.  

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