Thursday, January 13, 2011

No Follow Through

One good day does not deserve another apparently.

Trades: FMCN nudged into the money. With the options expiring in eight days I could:
  a) see if the breakout continues,
  b) take the money (*) and run.
I chose B. Any profit is better than any loss, and I'm not here to gamble. I've got enough other positions where I can anticipate gains with a bigger time window. +7.28%

Reversal alerts: (11) filtered down to AZO PVH SNI FDO POWI & STMP. I already have PVH; nothing else is particularly compelling.

* The money here being mostly the money I had already invested.

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