Tuesday, August 26, 2008

Hamptons Action Again

Another snore fest and it probably won't get jiggy for a couple of more weeks. It was choppy and sloppy and hard to make money for me today. Some of the stocks from this morning and last night like SQNM,CSIQ and FSYS acted poorly. SQNM had a real nice breakout but faded all of the rally and the other two were just horrible. Just real tough action here and you can't trust any moves at all.

I pulled in the reigns big time today and will do so for the rest of the week unless something dramatic happens. My size is down and my stops are tighter.


About Me

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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.