Tuesday, January 8, 2008

Getting back to action

I did not get good night sleep on Sunday and I felt pretty dismal on Monday. Looking at the chart of the 4 sisters, I was expecting a bounce. So I closed all 3 of my trades and all of them were Puts.

On the contrary, I longed PRXL on the confirmed bounce yesterday and I longed AYE today on the confirmed bounce.

AZO, CLF, MS

As the market open up high, I was glad and looking for bullish opportunities. But the bullish does not have enough legs. the market took a dive in the final hours.


I entered




AZO, Put
stop at 112, option: $2.4
Target at 107
















X, Put
stop at $103, option stop at $4.00
target at $9.6













AYE, Call
stop as shown,
Option stop at $1.2
option target at $3.8

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