Short 1,000 TOMO within thirty minutes of the close today at $4.20. Early green to red action early in the day, but I prefer to open a short position either during the morning panic or spike, or only during the last hour of the day. I've become a great deal more successful with this short strategy.
TOMO - Closed red at -13.79% after falling off the cliff during the last hour of the trading day.
CYTK - Opened up red at $3.08 but held up well finishing green at 2.50%. Hopefully volume dies down much more, but that intraday pattern will give you a headache. Lots of patience required.
HOKU - Below average daily volume finally and closed red at -6.57% after three green days.
TMA - A reliable bleeder after a nice run-up, this stock closed red at -21.09% today. It was very hard to get shares to borrow this time around though.
AGC - Closed red at -6.83% after a four day green streak on no news. Very fishy that's all I know.
Wednesday, October 22, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment