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To: Jacob Snyder who wrote (12182)8/8/2011 5:15:08 PM
From: Robert O1 Recommendation  Respond to of 13403
 
Well done. You had the fortitude and conviction to stay (not to mention time and a non leveraged play) staring down a paper loss that would have frightened a lot of seasoned traders out of the position too soon.

RO



To: Jacob Snyder who wrote (12182)8/9/2011 1:05:00 PM
From: Jacob Snyder1 Recommendation  Read Replies (1) | Respond to of 13403
 
SPWRA bc 1000 @ $16.05, profit $6552; this closes my last short position. Today has the feel of a short-term bottom. After setting new lows day after day, the market (SPY) and the sector (TAN) are bouncing today. I will look to reshort solars, when TAN gets up to the vicinity of its 50dma, which I expect to be resistance.


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