Wednesday, October 15, 2008

Oct. 16

Short filter produce no plays since every thing got sold off hard today and hardly anything went up.

I shorted COH, CEDC and POT the day before and got stopped out on CEDC and POT with a 3% trailing stop before I left for work. Only shorted one, ES, before I left. When I got back at noon my two positions were making a hellva lot more money than I made cleaning a measley $95 job. Wish it was that easy everyday in the slotmarket. But today was no typical day, everything got sold off and hard like 10 to 20%. Easy as shooting fish in a barrel playing the short side.

I'm still holding COH and ES overnight with a trailing stop. At this moment futures are down significantly so it looks like wall street will get flushed again tomorrow.
Kind of hard to come up with any good short ideas since everything got slaughter already. AZO closed at 101.11 which is quite a ways from last Friday's low of 93.55 so there's at least 8 buck left to go.

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