Midday Update

Home / Agriculture Stocks / Midday Update
March 6, 2008

Bought:

Covered my QID short @ 53.11 for a slight loss less than 1% near the open (NDX was up early in the morning part of trading).

JOYG – March 70 calls @ 2.4

NOEC @  6.03

Sold:

DRYS – March 75 calls @ for a loss of 18%

JOYG – March 70 calls I bought this morning I flipped em @ 3.1 for a gain of 29%

Market appears to be on shaky ground here. Of course I don’t believe it though. I think we rally later on and what we saw today is a gap fill of yesterdays up move.  CPST is running today along with some of the stocks I posted last night.


Tags list


Related Posts

This Week Was Great, Today Sucked
Leveraged ETFs, Market Comments, Solar Stocks, Trades
Let me start out by saying today did not go the way I thought it would. SPX broke 904 area and broke and closed below 21d emas. So now this market is...
SPX Moved Below 900 and Closed Above
Leveraged ETFs, Leveraged Funds, Market Comments, Technical Analysis, Trades
So here I provided a graphic that is the same as the one I’ve been posting the past few days. The blue line got tested, and we closed above it....
Another Great Trading Day, Watch SPX Tomorrow
Trades
Right off the open my longs in FXP and ERY were winners. FXP popped 10% on the open and I dumped it. Bad move, more later. ERY up 6% and I dumped it....
Trading Account Winners While Index Trading Takes A Hit
Trades
I was position and ready for this market to test the downside target, but right out of the gate the materials, dry bulk stocks, and other sectors...