We had a mixed week with moments of brilliance and lapses in concentration The overnight playyielded some money but over all I did not execute properly and the two free shots I got off were stopped out albeit for a profit. The day before and yesterday went beautifully as we posted within"stopping distance" of the bottom both days.
We stayed up past three trading Wednesday and Thursday and made $560 and $360 for the effort but missed the larger opportunity both times. I think I may have worked it too closely maybe too much thought and out-foxed myself. Read the post from the start of last nights overnight"we can't help but be bullish but we plan to sell and stop adjust"
We got caught up again in all these quarters but missed the important sense or feel of the move. We could have and considered selling and stop adjusting in the high 72.6x area but alas did not. It has been two solid weeks of grinding out quarters with myopic looks at short term gains and it has worked but it would have been more profitable executing the game plan and tending to the tumult of RIMM and the winning steel group we bought AKS and X big time on this dip -Goldman JPM Keybank and Citibank came out reco'ing this group and the stock went down and gave you a chance to get in thanks to all this correction fear. How often does that occur? We were telling a member that AKS when it was 17.xx-18 that 19-would be the price with even a marginal up day and we ended up with a down day but AKS did not disappoint.
They are saying that a bulge in storage was the cause of oil's "cliff jump"today but more factors were at work and now we have $70.02 the absolute fulcrum Oil has drawn a battle line
The currencies were up and so was the market for a bit. The state unemployment figures came in and If you are not a trader chances are you are struggling still. In the real world there are
massive problems this data was not fully understood yesterday in my opinion. We have more data which might turn us up again next week. I have done some call selling at Today's high prior to the fade.
We will keep you posted as the data unfolds I hope everyone had a profitable week. I don't want to jinx it but there has been a lot of money made on the "Sunday Play" you gotta read and be ready to trade by 6PM to play. One member made $1900 way more than me leaving his position on until the AM. Why doesn't everyone join in this week and start the week on the good foot!
The new site should be ready soon I am going over some samples this weekend and hope we are set to go stay tuned for passwords and usernames. If you would like me to continue to send direct email pricing I will do this service for charter members only. From here on when the new site is up paste it to your browser and check in since the public will not be able to get in-updates and and all the extras will be available through the site directly.If anyone is considering joining I am spending money on the site and hosting and space needs and subscriptions and I really give a lot of hands on help all you need do is ask. The price will go up the second the site opens and you can no longer read the updates without being a member
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