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What Worked Today 2152008
15 Feb
Posted by Sensei @ 9:19 pm on Friday, February 15th, 2008 in Options, Trades, What Worked Today
Well being long the indexes did NOT work today, but two other trades did. BTW the indexes lost 1% against my positions. That sucked for sure so I reduced my exposure today in the indexes at the close.
TITN – Continued its breakout today and saw some nice volume near the close. Up 15% on the position.
GS – Buying the Feb 175 call options with hours before expiration. Gaining 29%. You can see the spike I mentioned in the Midday Update as well as my comments of GS going even higher than that spike. Both items happened.
Everything I sold yesterday was down even more today. AKNS was down an additional 5% today. So minding the buy and sell signals and being disciplined is really working for me. Letting the winners run like TITN, while dropping the ones that go on a sell signal like CSUN, AKNS, YRCW, EMKR down an additional 11.2% today. Its nice not getting hit with these extra losses.
Tags: akns, csun, emkr, gs, ndx, rut, titn, yrcwThanks for reading
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View Comments
mike
February 16th, 2008 at 4:02 pm
1Would you consider it a good move to buy TITN now after it is up about 30% in one week? If one were looking to buy for a long term hold, do you think one should wait to buy in or do you feel buying at this level is a good bet(meaning you do not think there will be much puulback now)?
thanks,
Mike
Sensei
February 16th, 2008 at 6:52 pm
2I think TITN can either go further or hit a pullback zone here. There are some signs of overbought, but not much. We just cleared recent highs made back on Jan 14th. Some people buy these type of breakouts. I don’t particularly like buying breakouts, but TITN does look like it could continue. The weekly chart looks really good here. I would say buy it, with a stop at 17 bucks.
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