I don't think keep track of which direction the Market is going, but even during a "record" 936 point rebound for the DOW, a 195 point upswing for the Nasdaq, and a 105 point gain for the S&P 500, we still had success with our short watches:
ESIC - finished red at -6.72%
LYTS - finished green at 8.63%. The chart is a rollercoaster and will give you a headache. This ugly chart has gotten uglier. I'm officially staying away from this stock now.
GPK - I overslept this morning, so I didn't get to reserve any shares to borrow during early premarket hours. My primary premarket watch finished red at 7.28% with a LOD at $1.60.
NCT - very very red most of the day with a LOD at $4.30, but finished barely green at 0.57%. This is an example why it's good to take your profit and not get greedy.
TRU - finshed red at -15.28%. This illiquid 22M "company" reeks of manipulation.
DYN - opened very red with a LOD at $3.16. It's a real company with a market cap of 3.42B, so odds are it will follow the direction of the Market. It looked like a great premarket short though.
TRE - did go red just for a little bit but ended up green for the day at 16.38%. The chart's ugly now and looks too unpredictable to me.
Monday, October 13, 2008
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