today – tol short
tol short position
TOL: Opened a short position in Toll Holdings today at 8.00. I wrote this up a tad in yesterdays post, entry based largely on the black candle formed on friday – an effect it appears of the Dubai situation.
The Dubai situation seems to have been a flash in the pan, however it does look to me like it shows the quickness to react of the markets to shock – a bit of a shock and the market drops 3%. The 3% was basically recovered today – however I haven’t looked in detail at the stocks – I can’t say whether the 3% was put back on the same stocks that lost it – and that in itself will be worth knowing.
Either way, a small position to test the market for shorts. The recent price action could almost be said to be a head n shoulders, although not as nice as you would see in a text book. Lets see how this plays out.
tradersams blog 
i like this short, thanks for the trade idea.
I hope it goes well for you. I actually like the looks of a short on $ALL also, but no funds for that at the moment. So many opportunities!
Good Luck,
Sam