Tuesday, May 20, 2014

5/20/14

indexes crash boom bang.  Down the stairs they go.  Small caps feel a little better now.  Could be money moving back into small caps from large caps.  Which would be good for my plays and focus.  Markets to downside led by Dow, so big guys getting hit right now.  Most likely an ugly week for them  as the long weekend gets closer.

PAL-sold as it made a decent run about an hour or so into the day.  Sold little under 28, in from the 25s.  Good play and gain on a small position.  Good call Mr Pedone.

QTWW-covered pretty much as fast as I could.  The panic I was hoping for came a lot later than I planned.  So covered for a few cents profit.  Could have have about 30/share.  But out with tiny profit.  Nice to have it not go perfectly as planned and have profit.

P-used a daytrade here.  Bought at great entry near bottom.  Had a quick gain so I locked in some profit and raised stop.  Then stop got triggered before it went on its big run.  Would have been a monster trade for me had I stayed in.  Still a little profit for me and makes it a good day.

VNCE-started a short position.  Lockup period expires tomorrow and hoping some of these newly introduced shares find way into the market.  Easier said by saying I hope these shareholders sell at least part of their position.  Got in right around the support level of 24.50.  Has to break this for a profit, but I think if it does break through this it can have a large move.  Thats why I'm in.

Money sent to suretrader yesterday, waiting on their confirmation.  Then will have little more activity.  Biggest enemy will be overtrading, so will aim at about 3 trades a day.  My other accounts will be an additional trade when available.  Can really start watching Nate and others in InvestorsUnderground room.  http://profit.ly/guru/investorsunderground?aff=4078

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