James Emerson's  Instablog

James Emerson
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Hedge fund trader and analyst specializing in REIT, hotel, home building, real estate, financial, and consumer discretionary stocks. Preferred stock expert. Extensive experience investing using a variety of typical hedge fund strategies including long/short equity, merger arbitrage, capital... More
  • LEAP 0 comments
    Aug 8, 2011 4:48 PM | about stocks: T

    Probably time to cover shorts on this stock.  There is still downside potential but the risk reward ratio has changed significantly.  The stock down is down from the $14 range when merger speculation was rife to $6.27 today.  The Jan 2013 10 Puts I mentioned in my last post are now $4.80 x $5.15. 

    Stocks: T
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