On Jan 11th, I mentioned opening a pairs trade going long OII and short TRMA. Today I got stopped out of OII for a loss of slightly less than 9.5% and I covered my TRMA position for a little bit better than a 16% gain, so I made about 6.5% on this pairs trade. Not a home run, but better than a sharp stick in the eye.
More details on the Short Screen message boards.
Wednesday, January 20, 2010
Update on the OII/TRMA pairs trade.
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