What Worked and Sucked Today 332008

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March 3, 2008

Worked:

Nothing.

Sucked:

Everything. I feel like its still late to short, but I’m getting convinced its not – a sign of a turn probably. However, I’m just going to have to wait till an actual rally gets started to play the long side from here and then I’ll be looking to short. We’ve had some close calls to at seeing a bounce materialize, but this week is looking to be the most frustrating of all.

I hung on overnight and will get out tomorrow morning pretty much no matter what, unless its a huge down open, in that case I’ll hold.

Sold the stocks I bought today both for losses.

TITN – Took a 2% loss on and then the stock roared back from the bottom when the market came back, but never went back to a buy.

TBSI – I wanted to hang on, but got out when I saw the sell signals come on. TBSI also roared back off the bottom unfortunately, however, never went back to a buy.

I am holding YGE and CPST currently. I’m looking to prevent loss of profit of more than 10% in CPST while preventing loss from getting worse in YGE. I’ll be watching it closely.

BTW remember this call in BZP? 181% since…without me on board. Buy what I don’t.

Surprising to me because Gold is already gone too far imo, some gold stocks actually look attractive technically here like AU.




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  • JING

    How do you think LDK? Dropped too much these days.

  • JING

    How do you think LDK? Dropped too much these days.

  • http://www.stockrake.com Sensei

    LDK and other solars don’t look very good unfortunately. They are all very oversold though so maybe a bounce coming, but still technically destroyed.

  • http://www.stockrake.com Sensei

    LDK and other solars don’t look very good unfortunately. They are all very oversold though so maybe a bounce coming, but still technically destroyed.