Wednesday, June 10, 2009

Last Assesment until Overnight

Trading until 1 am and starting early has me a little bleary so I am going to the gym and range and back for the overnight. That EIA Play was to be bought and sold and I believe that was implied. we trade nobody wants 1000 barrels of oil delivered to their condo I mean who would sign for that if you were not home. The dollar has found its legs for the time being keeping a lid or this thing would have just exploded higher still if you were with me on the overnight psychology play you like me are probably done for the day.
  I am now almost hoping for a pullback so I can add to my secondary account. I think we posted that we were buying steel again earlier in the week looks like a good buy now even Cramer finally decided to say it was too low at like 38 just 21 points off the bottom.
This stock when I first started buying it was in the  17 area I kid you not and that was this past March! We sold some calls a little early at 37 this week and may sell a few more at the 40 area.

After a slow start monday we are back on track nicely








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