Update - Companhia Vale do Rio Doce (RIO) - Short
Posted on August 31st, 2007 in Short Trade |
Today [[RIO]] tested the previous high on 8/27 of $49.28, it went over it at 49.37 and closed under it at 47.97. Additionally we were lighter by 1 million shares which means that there are no more buyers. This may have legs tomorrow to test the last high on 8/8 of 49.39 but otherwise this is going south. I am currently short with OCT PUTs.
