Friday, May 16, 2008

Sooooooooooo On Fire!!!!!!!!!!!!

I love trading when it works like this. I was lucky enough to have very good positions, literally near the lows of the day in SOLF and QCOM. The volume was sick, just absolutely sick on both. I held them all day and kicked them both at the close. I was very tempted to take them home but didn't want the risk. I may regret it based on the action. USO is giving be fits and my stop is $104. My buddy Johnson had a big winner in MBT today. I caught his call on Twitter and caught it for a a half.


Darwin said...

Upside, thx for SOLF & QCOM-got in alittle late but going for the ride. Any thoughts on AUY? gold shares VERY oversold and this one has copper to boot! copper breaking out of 2 year channel on it's way to new highs(FCX)-asked stewie the same question...thx for your hard work and insights! have a grt weekend!r....

upsidetrader said...

Glad you caught some trades. I'm still not a gold bull, but if you like copper I've always been fond of PCU,FCX.

About Me

My photo
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.