Fade the Gap
CHRW gapped down, we buy. Ran to 47.36 for potential of $500/1000 shares
TEVA didn't really qualify as a move in premarket.
ISRG gapped down, we buy. Ran to 320.50 for potential of $1000/1000 shares
CTXS gapped down, we buy. Ran to 43.86 for potential of $240/1000 shares
Crash
YHOO- 7.14% gain covered
XRAY- .65% gain covered
Update- Covered SSCC today and ATHR
SSCC in 3 days gain of 9.26%
ATHR in 3 days gain of 3.4%
Covered before 2PM. This is when the rally for the close begins. If the market gains momentum before close we will lose some of our profits. However, if the market doesn't seem to be improving expect more sellout by the end of the day. Risk I am not willing to take. Happy with the gains already.
Wednesday, November 7, 2007
recaps of 11/7/07
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Question: DJ FT are down (7:15 AM) 187 points. At what point does one short BIDU? On a down day, during the mid-day bounce? before the final acceleration downwards? In the pre-market hours, by the time one is allowed to short, the prices are so down - that they generally rise when the market opens. Would appreciate your thoughts....BTW, I'm very green and have just discovered your blog ...
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