Friday, May 16, 2014

5/16/14

Had a great start to the morning.  Woke up to some good gains.  Also some follow through with SUMR.  After that did not do much.  Trying to prepare for the high school playoff game tomorrow night.  So going over game film and what not, and not paying close attention to the market.  Did see they ended up on the day.  Just have to hope for some follow through into next week.  Russel still damn close to correction levels, so will not be holding my breath.  

After hours yesterday I got a short off on JCP.  Great entry around 10.50 and covered in premarket around 9.75.  Nice quick gain in the premarket and afterhours land.  Could have held it all day for little more gain, but got meat of the move and happy with it.  Was afraid it could spike.

Sold SUMR- had a little follow through from yesterday and actually spiked more after I sold.  This has had a nice run after reporting good earnings.

Covered ZU finally.  Had chance at profit on day lockup expired and only took half.  Been staying high ever since and not moving way I want.  Gets a fade in morning then ramps back up in afternoon.  Didn't mean to cover exactly like I did...was trying to set up a stop.  Turned out I got covered at a great place though.  Only couple pennies off of the day low.  Slight loss on this trade when all is said and done.  Glad to be out and not worrying about being bought in.

Finally getting some  paperwork together to open a suretrader account.

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