Tuesday, November 4, 2008

Position Update

I just took a short position - 1,000 PLA at $2.43 and 0635AM PST. Here we go...

PLA - Short position still looking safe.
LNG - Wow, just like LBAS a few months ago with the steady stairstepper chart. Like LBAS, the stock eventually fell off the cliff. Tight trailing stops are the way to play these steady climbers, just like how I profited from LBAS a few months ago. It was just a matter of time until LNG went red.

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