Still holding 1,000 TOMO short from Wednesday's close. I'm up a little over $300 with this pretty safe play. From what I learned the other day, I see no reason to cover until I see green.
JAG - Closed even more red today at -8.89% and for a total of -35% since Tuesday.
DTG - Closed red at -30.73% today after closing very very green at 149.32% yesterday. No explanations needed as this one was as easy as trying to hit the Pacific Ocean.
ESCA - This illiquid yet such a great bleeder of a company, closed very red at -24.13% today. If you found shares to borrow, I know you had a great day.
MPEL - Closed red at -19.27% today; its second day in the red.
NYNY - Was a nice short during the early morning having dipped into the red. I hope you took your profit and ran because this stock bounced back and finished green at 3.37%. Stocks like this is why I've learned to either short very early into the trading day during the morning panic or spike or during the last hour of trading. This rule I stick by has made me a far much better and effective trader.
HOKU - Closed red at -1.52%. However, it had a nice comeback during last hour of the day and the chart looks unpredictable to me now.
Thursday, October 23, 2008
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3 comments:
Nice trade on TOMO!
Thanks Yng! Most will say it's kind of a slow mover, but that's ok because with a small account, preservation is extremely important.
Indeed nice one on TOMO Torello!
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