Monday, January 21, 2008

crash, plunge or ready for the bounce


Well I don't know even though some people do.


Last week, I closed 1/2 of my positions on PRXL and ABAX.

Long: PRXL, ABAX and GLD (got in at the support $86.50) , CASH! (> 90%)




I longed a put on MER and another one on GYMB. The MER put stopped out at 52 in 5 hours, which is very good. I still have the GYMB put, hopefully it will go my direction.

The last few trades, I have been entering at support or resistance. I am getting more aggressive on my entry because of the volatility. got stopped out, with less a dollar lost but still worth it.

Funny Observation over the weekend, I checked on the Dow Future on Saturday, it was up 400+ points to 12,635 (for a brief period after Friday's close) and now.....Monday 1:40 pm CST, it is down 520 pts at 11,580.

No comments:

Custom Searches

Search Results

Links