Went Long TBSI

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June 27, 2008

I got a bad fill @ hod of 38.76 on TBSI, but enough data has ticked on the charts that a bounce to 21dema minimum is likely @ 40.42. Possibly 50dema at 41.41. Could go beyond both of those MA’s, but those are first hits. Comparatively, DRYS, GNK, EXM, and the rest of the Dry Bulk Shipping stocks all look like they are going to bounce.

This is a long idea and I’ll have some short ideas over the weekend, but it looks like the market could put in a bounce sometime next week, but it will be a bounce that I want to short.


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