Friday, December 7, 2007

Zarlink Stopped Out Breakwater Entered

On Thursday mid-day we bailed out of our Zarlink trade at 68 cents. On Wednesday there was a big cross of 4 million shares at 70 cents and so we decided to sell if the stock traded for two days under the cross price. Clearly this trade was not working from the moment we took on the position. We rolled the proceeds into the over-sold Breakwater at $1.75

Dec 06, 2007 Sell ZL Cdn. 10000 10000 0 0.68 Filled
Dec 06, 2007 Buy BWR Cdn. 4000 4000 0 1.75 Filled

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