26Nov10:05 amEST

The Way I See it, Everybody Takes a Loss Sometimes; Chess Moves

With the resurgent strength in Facebook, I elected to cover my short position, which was 6% of my portfolio, at $76.27 from $74.09 and $73.62 entries for a loss. The short looked promising, but buyers defended the potential breakdown in the near-term. The stock is up against a 50-day moving average, however, and my be back in my short radar if sellers can reassert themselves. For now, though, I am sticking to my focus of discipline in keeping losers contained.

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