Thursday, July 5, 2007

July 5

All bounce play filters came up empty for tomorrow.

Recap:
PKTR +6.3%

GMO -0.3% short

Chasing momo:
LOCM in 9.10 out 9.05 setting a breakeven stop would've been the wise thing to do, lucky I didn't lose me ass on this trade as I was down quite a bit before it came back

LLNW in 20.26 out 19.70 head fake, should've bailed a little earlier

HOKU in 10.84 out 10.81 bailed out at the right time

My short on CAL got stopped out at 35.50 the market was moving so fast past my trigger at 35.07, illustrates why stop orders should always be market orders because a stop limit most likely would never have been filled and I'd be in a world of pain.
When I saw how fast it was moving, I switched sides and went long at 35.79

No comments: