September 11, 2009 Stock Market Game Trades Updates

I have sold short 300 shares of SWM at around 55.00. I intend to cover the short when it reaches 52.00 for a profit, or 58.00 for a stop.

I have sold short 500 shares of T at around 26.50. I intend to cover the short when it reaches 25.50 for a profit, or 28.00 for a stop.

I could not short sell KOG because the stock market game doesn't allow short selling on stocks less than 3.00. Just for research sake, I'll be watching its movement to see if a short sell would have been a good choice. So the paper trade I planned to make was sell short KOG at 2.25 with intent to cover at 1.80 for a profit and 2.50 for a stop.

I have bought 350 shares of CREE at around $35.50. I intend to sell the shares when they reach 37.00 for a profit or 32.50 for a stop.

I have not yet purchased BIIB. I was hoping the stock would fall a little further, but at the moment it's about even with its last close.