Might Have Been The Right Move: Hedged

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May 6, 2009

I’m now back to net long due to my longs in GFI and my long portfolio of junk. I hedged my index shorts IN CASE, this market blows up into Friday. I got short based on last Friday’s overbought conditions, however, this has been incorrect so far and it looks like the market will get more overbought, but this time across a broader spectrum of sectors and indexes.

Hey lets take a look at what I’ve been long since the gap down on 3-30.

Like I posted earlier, last night’s watch list contained a ton of winners like AHD, HW, DM, FLOW, and AGM. If you didn’t see that list that is because I didn’t post it last night.

I’m going to post some of tonight’s watchlist now and lets see what happens tomorrow with them. They are not guaranteed to go higher, you have to “wait for green”:
CVGI, LIOX, RMKR, GLNG, MSPD, TSFG, RSO, RRI, BZH, SIFY


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  • mobthehop

    stockrake, am lurking for a while now…. thanks for sharing your insights! As I could not find the info in your blog, would you mind to share some information what software you are using (from which the screenshots are taken) and the indicator you are running… Thanks a lot

  • http://www.stockrake.com StockRake

    Mobthehop:
    Quotetracker is what I use. I use SnagIt to grab screenshots and edit.

    The indicators are custom paintbars I built. I haven't revealed what they are made with.

  • http://www.stockrake.com StockRake

    Mobthehop:
    Quotetracker is what I use. I use SnagIt to grab screenshots and edit.

    The indicators are custom paintbars I built. I haven't revealed what they are made with.