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ALB,ADES - Market Neutral Trade: Long ALB, Short ADES
I purchased ALB at $68.96 and shorted ADES at $8.48 on Friday. More details at the link: http://seekingalpha.co...
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Stopped out of ADES at $9.37 today, for a loss of 10.5% on the short side of this market neutral trade. I then sold ALB at $67.80, for a loss of 1.68%, on the long side, and a loss of 6.1% on the market neutral trade as a whole. I had used 22% trailing stops here.