Monday, September 19, 2011

Tired of This Ride

That was a nice recovery. Too bad it had to tank first. DNS -108, -9, -12.

Watchlisters closing up 3% or more were CMG, LULU, GTLS, LVS, SPRD, RES, ZAGG, and FMCN.

Trades:

A bad open coupled with a bad attitude lead me to sell almost everything this morning. I just had a feeling that we were going to give back last week's gains over the course of this week (and next week, and the next week).

I sold all of my equity positions except AAPL, ARR, NLY, and GLD when tight trailing stop loss orders (based on Friday's close) triggered.

I sold most of my call options, including the big winners like SPRD and WPRT. ROSE, RES, CPX, MCP, PVH, and LVS weren't spared either.

Reversal alerts: (1), junk.

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