Hi Mark,
Thanks for the quick read on BLUE, I wasn't holding, but entertaining the thought of entering some gizzard trades. BLUE, INKT, AKAM, SABA, DCNT and a bunch of others have been signaling for the past week and today started to pop. Will they continue, stay tuned, but I was really too late today to just jump them.
I certainly went into the day with the wrong blinders on. Sold the semi gap and traded some longs early OK, then thought that the plug would get pulled in the afternoon and as NAZ fell from 1890 I started getting short. On third penetration of 1880, I "knew" the end was coming. WDIK??
Made monies today on PMCS short (covered @ 20.80) but foolishly shorted VTSS @ 13.50 (just a day early I hope, as I took it home). Only saving grace may be that I later paired it with AMCC, long @ 14. Like PMCS, AMCC trades nicely in step. Covered FFIV for bus fare. Still short (and now underwater) on DRIV. Still long SBUX.
Am going to recite new mantra: "Will not try to guess the market's direction before it turns" as I walk dogs tonight. And start looking for C&H patterns again. Assuming you took some profits today, your trade was far easier than my several dozen over the past week+ and produced a better percentage gain. OTOH, I'm looking for a weekly paycheck.
Peace and Justice --- Patrick |
