Closed 200 shares of CMRG at 3.40. It looks like the new range is 3.10 – 3.40, so the buy order is in for 200 @ 3.10. I had actually bought 200 shares @ 3.97 (11/9/11) and 100 @ 3.20 and with commissions my average share price is 3.78. This is a net loss that in theory lets me back in at the lower range. It was not my original strategy to lose money on this trade, but I’m still in 100 shares and I’m looking at this apparent new range to roll a few times 3.10 – 3.40 to recover some of this trade down.
Disclaimer: I’m trading CMRG.