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AMCC - Shorted AMCC at $9.12
My intent was to short this as part of a pairs trade going long MIPS, as I laid out here: http://seekingalpha.co...
But I didn't get a fill on my MIPS limit order today. Will try again Monday to pick some up.
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Bought to cover ahead of earnings here at $9.70, for a ~6.4% loss. Unfortunately, I never picked up any MIPS on Friday, because I was being cheap with the limit order, and so missed out on the big move in MIPS this week. Would have been a nice pairs trade. Aborted. Will set up a new one.