Saturday, January 17, 2009

Switched from short to long

  1. Sold DXD for a profit. Sold MZZ for a proft. Sold TWM for a loss.
  2. Sold HBC puts for a great profit.
  3. 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.
  4. TA supports the bounce; the market continue to hold up with banks' horrible news, tells me market wants to go up.
  5. And Obama's inauguration provides the execuse for both bears and bulls to push this market up, the feel good effects.
  6. It's a new start for the country and the market.
  7. I hope there will be no selling the news on Obama becoming president.
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