DUG - I was disappointed in the close. Although it
finished up 5.19%, it had been up well over 8%. Oh,
well. Still a nice move. Tomorrow may tell the
story.
FXI strong yet again. Up 3.38 points. Broke up out
of a bullish pennant. Rev. Shark bought in today. This
one is looking strong.
SRS - Closed at 82.10, down 4.10 points. Waiting for that
78 print....waiting....waiting....still waiting....LOL
I sold DUG up around 7.5%, but bought it back this afternoon at
33, because my intention is to be holding it following the
BPENER. After hours its back up to 32.99.
Volume on DUG was 20.4 M shares versus average of 6.2M So
that 5% gain has somesupport.
Posted by ocracoke53 on 1st of May 2008 at 05:13 pm
Michael, did the same. Sold half my position at 33.55, I've had
it for several days, and bought back the shares at 32.60. Will hold
these and following what Matt's BPENER gives us. Still have a small
position in SRS. Was watching CNBC near the close and some talking
head was getting all bullish saying the worst was over and it was
time to get back into stocks. I just don't see it, waiting on the
sidelines looking for the time to short.
Matt, did close my gold (DZZ) short at 31.40, I've had it for
some time so it was a nice profit - thanks!
ocracoke53 -can't argue with a nice profit! Yes
this has been in play for some time and it worked out pretty good.
No harm in taking a profit and deploying it somewhere else.
Looks like DZZ is up 16%, not bad!
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Posted by trader2 on 1st of May 2008 at 04:22 pm
DUG - I was disappointed in the close. Although it finished up 5.19%, it had been up well over 8%. Oh, well. Still a nice move. Tomorrow may tell the story.
FXI strong yet again. Up 3.38 points. Broke up out of a bullish pennant. Rev. Shark bought in today. This one is looking strong.
SRS - Closed at 82.10, down 4.10 points. Waiting for that 78 print....waiting....waiting....still waiting....LOL
I sold DUG up around
Posted by Michael on 1st of May 2008 at 04:37 pm
I sold DUG up around 7.5%, but bought it back this afternoon at 33, because my intention is to be holding it following the BPENER. After hours its back up to 32.99.
Volume on DUG was 20.4 M shares versus average of 6.2M So that 5% gain has somesupport.
DUG
Posted by ocracoke53 on 1st of May 2008 at 05:13 pm
Michael, did the same. Sold half my position at 33.55, I've had it for several days, and bought back the shares at 32.60. Will hold these and following what Matt's BPENER gives us. Still have a small position in SRS. Was watching CNBC near the close and some talking head was getting all bullish saying the worst was over and it was time to get back into stocks. I just don't see it, waiting on the sidelines looking for the time to short.
Matt, did close my gold (DZZ) short at 31.40, I've had it for some time so it was a nice profit - thanks!
ocracoke53 -can't argue with a
Posted by matt on 1st of May 2008 at 06:21 pm
ocracoke53 -can't argue with a nice profit! Yes this has been in play for some time and it worked out pretty good. No harm in taking a profit and deploying it somewhere else. Looks like DZZ is up 16%, not bad!