Closing the big shorts in energy stocks : Kepcorp put warrants , ezra , mirach

2 weeks ago on 27 Nov nite , juz hours before Opec announced no cut in  production of crude oil , when crude oil was hovering around  $72-73,    we told our readers in this blog & on facebook that  crude oil will drop to $57-58 with little bounces at 64 and 60 ( click here) .  

This $57 target  gave us the quiet confidence to initiate with relish new shorts in some oil stocks at that time when oil was hovering around $72-73 , hours juz before the opec meeting of 27 nov.

We also told our readers that we were holding big short positions in various energy stocks like Kepcorp, sembmarine, Swissco , Ezra, swiber , Mirach etc etc.

Now all that has come to pass, almost.  This week , crude oil has dropped further,  to $60 last nite , bouncing a little to 61.5 at close... quite close to our $57 target.   

So we took this opportunity in weak oil to cover our shorts in energy stocks .. this is not to say that the energy stocks has bottomed - not yet but the risk vs reward of holding shorts is getting less sexy.

Below are juz some profit statements showcasing the closure of shorts by the students and freebees recently.

Kepcorp - precision big short with put warrants over 5 contra days with returns  of >50% from broker's free capital :
  

Ezra - back to back shorting with CFD over 2 weeks below:

 Mirach : 

chart & trade statements to come ..

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