Bit of a Rollercoaster

Well, the fund is in a reasonable place, ticking along nicely, but it could have been a lot better.  Having played Battleship correctly as it dropped on Thursday and Friday, I didn't have the courage of my convictions and flipped on Friday as I thought it would make it back up to $40M - how wrong I was.

Then yesterday, at one point I was up over 2% on the day thanks to shorting Men in Black 3, but finished the day only .23% up as people covered their shorts while I was sleeping.

Lessons learnt - have the courage of your convictions (and the MTC prediction is fairly accurate) and even if it'snot worth reshorting, it can be worth taking the money, waiting for the stock to rise and then short again.

As I said....

Once the H$30M barrier was broken last week, things have picked up well and the fund is on the way to H$32.