Being long and not panicking. I talked about it yesterday and I reiterated it today. I knew something would happen in the terms of news or fed rate cut or that type of thing that would send this market flying and screw up everyone who is betting on the drop. NDX almost gained 1% (remember I’m talking about 2x beta), and RUT basically closed flat. Big difference between RUT being down 4% at the lows. WOOooooOOoooo

ZIXI - Sold with a gain of 2.7%

Bought:

CPST @ 1.62 down a little

GBT @ 4.69 up  a little

Rebought TITN @ 19.23 up a little

Bought UWM @ 47.7 around that desperate low before the 3:30pm rescue. Sold it though @ 48.7  for 2% gain. The problem though is that since I remained longmy index trades I should have hung onto this too, so this was an undisciplined sell.

What Sucked:

Sold these:

GRO, NOEC, TITN all for losses (rebought TITN though later today)

I remained long the indexes, TITN, CPST, and GBT. Todays action might be the beginning of the move I’ve seen shaping up now for two weeks.

If you like this post, check these out too

• February 25, 2008 -- What Worked and Sucked Today 2252008
• February 21, 2008 -- What Worked and Sucked Today 2212008
• June 30, 2008 -- A Good Day Today
• June 17, 2008 -- Nice Hits Today In A Few Stocks

Thanks for reading

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