Tag Archive | "sinovac biotech"

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Shorted and Covered SVA

Posted on 29 April 2009 by BobL

Did I mentioned that I hated it when I bought Sinovac Biotech?  So much so that I sold my shares for a small loss and decided it was a good short if the price (and volume) broke down.  Well, that happened.  In fact, I can see this falling to the low 2′s.  I shorted 600 shares of SVA @ $2.60 and coverred @ $2.40 today.  It is all in my trading log.  Profit of $103.95 (6.7% after trading costs).

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