Wednesday, June 03, 2009

20090603 0939

DOW 8,693.16 -47.71
NASDAQ 1,823.21 -13.59
SP500 936.80 -7.94

TIVO 9.67 +2.69. There was news last night after close that TIVO won a patent infringement suit against a large cable/satellite provider. After hours yesterday went long at 9.53. This morning sold the long at 10 for .47 per share gain to get out of this risky news & momentum play. Turned the trade around and went short at 9.71 and a tight stop closed the short at 9.81 for about .09 per share loss.

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