When I'm wrong, I'm wrong and get out. I threw in the towel on my LAKE short and took a 1R loss, despite my belief that my short theory will ultimately prove correct. I can't take the risk. I can easily recover from a 1R loss a 10 R loss would take more work.
I knew that this was a risky trade so I put it on small. I discounted the volume too much yesterday. That combined with the ebola story, a 4Million float and extreme volume is a potentially lethal combination. If they announce an order or if it gets out of hand this could still run 50% or more, small size won't save me. No pride, no ego. I'm out
Entry: short 10.30