The stock market has been down in general for this week so far
So it would be a good news for those who shorted and placed put options on falling stocks.

Evergreen Solar went up to $12.8 after announcing the $300 million deal,  I shorted it on Monday, at $12.50 and covered at $11.30 yesterday, that’s almost 10% profits in two days, hey that’s a lot better than the 3.x% interest rate from the bank!  Good money to cover some of my Vegas trip expenses =)

Some people asked me why did I short it if I recommended this stock and predicted it can explode. Well, I’ve bene watching this stock closely for months like I mentioned. It appears that this stock can go up 20%+ in just a day or two, and it’ll slip back down to the 10 dollars range if there’s no further news to keep driving the stock up.

Don’t get me wrong though, that’s just short term, this stock still has great potential, and always do your own research before taking any actions.

Anyways, I’m off to Vegas………….