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Technology Stocks : Full Disclosure Trading -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (12510)	6/26/2012 12:08:30 PM
From: Jacob Snyder	3 Recommendations Read Replies (2) \| Respond to of 13403

KLIC cs 5000 @ $8.50; these were shares I shorted at $9 last year. This leaves me with 5000 shares shorted at $8, which I will cover at cost. So far, I've covered 3/4 of my KLIC short position, all profitably. Overall, however, I consider it a failed trade, because the risk was too high, and I had cash tied up in this which could have been doing something else. At one point, I think I was about $70K underwater on my KLIC short.