The market was okay for half the day. DNS -72, -53, -16.
Trades:
Yesterday I was looking to buy calls on FMCN when it spiked down but the time values were excessive. So I decided to sell it and found a December $20/$22.50 bull call spread trading for less than intrinsic value. By the end of the day the bull call spread was well in the money (a 78% return) ... and still is after today's sell-off.
Today my limit buy order for RES shares filled.
I have 8% trailing stop loss orders on everything that was up 10% or more (including CF, ROSE, & WLL), except OAS which has a 6% TSL since it was up 28% for me. CVI triggered its TSL and sold, +5.6%.
GMCR is stinking up the joint. I wish I had put a stop loss order in before it dropped 26%. Now I'm using my least favorite investing strategy ... "Hoping and Praying".
Reversal alerts: (2).
RLRN and IDCC. Neither is very compelling.
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