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19 Sep

Tuesday September 20, 2011

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Slipped into a day trade on COOL today at $2.26 and sent the text and email alert. Took profits at $2.29 after big sellers showed up at $2.34 on the offer which proved to be premature when the market came back toward the close. Shares climbed as high as $2.39 closing at $2.38. Still a bit early though, I think COOL could fall again after this bounce which is why I didn’t hold.

Other than that, scalped some SNDK, BAC and CIEN  successfully early in the day for about $300 and gave it all back shorting SNDK for size into the close so about a $600 loss on they day. This was a bit of bad timing to be honest, I was gambling on the market coming down and it made a 100 point move…I should have cut it loose sooner around $300 loss.

No swing trades today, but I’m working up my watch list now and expect to load the boat if the markets continue tomorrow off this pullback. Also, meet us in chat cause we’ve been doing a lot more momentum trading.

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