Hi Mark,
On EXDS you may be early (not unusual), but I'm going to wait for that 1900 target (or lower) on the NAZ before getting long on much, especially gizzards. What little time I spent this w/e and am, persuades me that we are headed that way and going short or standing to the side is the best course. WCG, EXDS, XOXO, MFNX, and the like are not reassuring traders anymore except for the very nimble.
Today's trades were mostly to get out. Sold BLUE at open for loss of about 3/4 point, hurt bad and not good for confidence. Covered NVLS for .55 loss when SOX looked strong early. Sold PCLN for .50 gain, gave this too much room to fall back, but at least profit.
Reshorted NVLS @ 53.24, and also still long COSN, AKLM, SBUX, DMED. STEM had some pop today - still have long term position, no trading stock at present and couldn't bring myself to buy any either. Will need to work on making up loss on BLUE, at least NVLS has repaid me. OK for a day for which I was not well prepared, but not a way to trade regularly.
Peace and Justice --- Patrick |
