- Sold DXD for a profit. Sold MZZ for a proft. Sold TWM for a loss.
- Sold HBC puts for a great profit.
- Bought SSO,BGU and TNA as my long play for Obama rally. Market was down 10% since Jan.2nd, and even with Friday's bounce, still down about 8%. These are intended for a short term trade.
- TA supports the bounce; the market continue to hold up with banks' horrible news, tells me market wants to go up.
- And Obama's inauguration provides the execuse for both bears and bulls to push this market up, the feel good effects.
- It's a new start for the country and the market.
- I hope there will be no selling the news on Obama becoming president.
Saturday, January 17, 2009
Switched from short to long
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