|
Although I enjoy collecting High-Growth Stocks, short-term trading is my specialty. I will give reasons every time I take on a position and get out fast if it doesn't work out within 2-3 days. I will only do 1 stock at a time and keep count in percentages. after taking into account 3% commissions on either side. I'm starting by going short Ashton Mining @ $7.30. Too much speck money has poured into this thing as of late,regardless of whether they have the goods or not. I don't think news will come out today or tomorrow which means Monday at the earliest. Fed meeting on Tuesday. Market doesn't see a move. Let's give benefit of the doubt. No move on rates which means market will look towards next meeting and not be as sure. Either way, this market is over-extended and I'd rather be short than long into Tuesday. Ashton will follow suit. |
