Paper Trade of Noble

Taking a another go again due to Noble forming a head and shoulders formation.
Got whipsaw again. This time, it is a huge whipsaw and unexpected things do happen. Should be looking at a loss of at least 5%. The main reason for this huge loss is because of the release of results for this quarter by Noble. Perhaps one should not take position before important dates such as this.

Shorting Noble on market opening of Friday, 8th August 2008.
Filled at $1.88
Covering Noble back on market opening of Friday, 15th August 2008
Filled at $2.10
Percentage Loss with Commission at -12.0%


Noble on 15th August 2008


Noble on 8th August 2008