Markets red again. Small caps shot down again. Not much in that bounce it seems. Found myself wanting to get long too much. Need to focus more on what works, shorting extended charts. Especially with pops. But I also did get squeezed pretty big on ZU. So here we go:
covered half of ZU. Got a decent cover in mid 30s but then let it ride. CLosed the day around 35, which is way off my buy. Glad I only have a small position, and trying to be patient with the small remainder of shares borrowed. May be at risk of getting bought in over next few days but I don't think this spike will last. Started the day down like 6% and closed up around 8%. Big spread, hoping it fades and slowly goes back down. That way it won't get much attention.
Sold part of WATT. They announced earnings today and had their conference call. Listened to call but not very much there. They are still very early in the process of making money. They did announce that they have a few MOU's signed which is big but not much else. They are very small number wise and don't think it will get anything huge for a little. Mass opportunity still there, but announcements may be months away. Hoping they PR some patents they spoke of. Trying to get out when I can.
Bought WWE. Rumors of them having a new TV deal, spiked the stock during power hour. Insane volume compared to rest of day. Trying to sell at open tomorrow. Expect this to spike quickly then drop. Just want to get tagged out during that spike.
News on WWE brought to my attention, and before anywhere else curtesy of investors underground room. Join!
http://profit.ly/guru/investorsunderground?aff=4078
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