ST trading:
(I use that header so people who aren't interested can skip it.)
As of now, almost all my buy targets have been reached. I've bought 03C20s, with the stock at 13 and 11, and 04C15s, with the stock between 9.7 and 6.1. Only my buy with the stock at 5 remains unfilled. My current plan is to sell my 2003s, in increments, when/if the stock hits 11, 13, 16, and 19. That is, if we reach 19 I will be out of the 2003s, and have a modest net realized profit on them (and a large paper profit in the 2004s). I expect resistance at the 50 day moving average, and then where the last rally stalled.
Depending on how many of those sell targets are reached, I will be able to add 2004s on the next dip. With each passing day, I gain a tiny more reassurance that we have seen an intermediate bottom, a bottom that will hold for at least a few months. But who knows. |
