BIDU & GIGM -Bought to Cover

I just bought to cover a stock, BIDU, that I short sold before I started the blog. I short sold the stock at $202.50 (very few shares) and bought to cover at $192.87 for a gain per share of $9.63 and a return on invesment of %4.75. Not too shabby - took me a while though.

Additionally, I bought to cover GIGM at $5.67 which I short sold at $5.75 with a gain per share of $.08 and a return on investment of %1.39. Not a big win by any means but it seems to be consolidating since I purchased it and since I had even a small win I decided to get out and free up the capitol to use on something that's actually going to move.

RECAP:

BIDU SS @ $202.5
BIDU BC @ $192.87
Return on Investment: %4.75

GIGM SS @ $5.75
GIGM BC @ $5.67
Return on Investment: %1.39