Monday, June 4, 2007

Plays for June 5

One long and two shorts for tomorrow.

Long PPHM 1.09

Short IDMI 4.44

Short CTDC 3.53

Recap chasing momo:
MAR in 48.04 out out 48.11 waited for the second run to get in, maybe that was a mistake hard to say as the first run was not followed by more volume but price crept up, bailed out as it reversed.

FMD in 41.25 out 40.25 entered at the top, way late, slow to bail, just awful

IDSA in 17.89 out 17.82 didn't run, break even stop trigger was 17.89 got a lousy fill

Saw a bunch of poppers but I was out of sync all day.

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