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58.Com Inc (NYSE: WUBA). June. Short. + 4.6% On Invested Capital.

|About: 58.com Inc. (WUBA)
Summary

Investors are very fond of the result.

I propose to calculate the potential profit for June.

The forecast were printed on June 6, 2019. My system showed a potential drop market in June. The market grew in June. I did not consider buy signals.

June 12

Short

Volume position 1000 shares.

Position opening: $ 61.75

$ 61.75 x 1000 shares = $ 61,750. This is the invested capital.

Stop Loss: $ 62.60

June 12

On my system at the price of $ 60.90, 50% of the position was closed.

$ 61.75 x 1000 shares = $ 61,750

$ 60.90 x 1000 shares = $ 60,900

$ 61,750 - $ 60,900 = $ 850. This is 1.37% on invested capital.

We continue to hold the position.

$ 61.75 x 500 shares = $ 30,875

June 12

On my system at the price of $ 60.05, 50% of the position was closed.

$ 61.75 x 500 shares = $ 30,875

$ 60.05 x 500 shares = $ 30,025

$ 30,875 - $ 30,025 = $ 850. This is 2.75% on invested capital.

We continue to hold the position.

$ 61.75 x 250 shares = $ 15,437

June 18

Closing position on June 14

$ 61.75 x 250 shares = $ 15,437

$ 61.45 x 250 = $ 15,362

$ 15,437 - $ 15,362 = $ 75. This is 0.48% on invested capital.

Profit for June.

$ 850 + $ 850 + $ 75 = $ 1,775

1.37% + 2.75% + 0.48% = 4.6%

By the way. The position volume could be increased 5 times. This is for this ticker.