Well I shorted DRYS at the $70 number yesterday and it worked out, when it rallied up over $70 today, I shorted it again and it worked out fine. I also shorted GNK- another shipper as their charts look like rollovers. SIGM worked for the trade I was looking for. We are so oversold that we should bounce hard-maybe tomorrow.
Tuesday, January 8, 2008
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About Me
- upsidetrader
- I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.
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