Nice Pullback Today, Just Not Sure I’m Buyer Yet

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April 20, 2009

Maybe there will be more push down into the close and that will get me buying. Either way I’ve been waiting for this and the reason I have 0 exposure on my index funds and why I’ve been trimming stocks. My worst trade was DIG on Friday, that I cut right around the open. Taking the 7% loss.

My individual stocks are getting hit, but I have a huge profit cushion and can ride that out.

Excellent exits out of DAR, EGLE, and JASO.

Looks like the market is hitting new lows as I type. I may be a buyer after all.


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  • Brian

    I think the market was overdue for a pull back and this one may be more than a few days long. Glad I shorted last week!

  • sunzt

    Wow the ERX totally busted my stop. The ascending triangle did pan out…. just the opposite direction (doh) which is supposedly 25% of the time according to stockcharts.com. I should have saw it comming after 6 weeks of run up and a doji on friday. Oh well, u live and learn.

  • Brian

    I think the market was overdue for a pull back and this one may be more than a few days long. Glad I shorted last week!

  • sunzt

    Wow the ERX totally busted my stop. The ascending triangle did pan out…. just the opposite direction (doh) which is supposedly 25% of the time according to stockcharts.com. I should have saw it comming after 6 weeks of run up and a doji on friday. Oh well, u live and learn.