Wednesday, November 21, 2007
One of many belated updates...
Just too much messing around along with crappy markets, I'm behind again.
Sold stock positions in LTM and SSYS after they hit my 12.5% stop loss. I am still very hesitant with these averaged down positions, and these two showed me why. Crappy stocks in a crappy market equals nice solid loses for me. That is the way it goes.
Speaking of averaging down, added to EMC after it breeched the $19 level. Looks like I could've gotten it cheaper, but that is the wrong way to think (thinking out loud just to show what my thought processes often look/sound like).
Option position in RYAAY stopped out for a solid 25% loss, possibly more given the stock gapped down 7% yesterday. Gaps are killer, COL gapped down this morning, but I doubt the bid/ask average would have necessitated a sell. RYAAY was a paper trade, but damn.
More to follow as I remember all the crap gone down,
Masterjaz out
Sold stock positions in LTM and SSYS after they hit my 12.5% stop loss. I am still very hesitant with these averaged down positions, and these two showed me why. Crappy stocks in a crappy market equals nice solid loses for me. That is the way it goes.
Speaking of averaging down, added to EMC after it breeched the $19 level. Looks like I could've gotten it cheaper, but that is the wrong way to think (thinking out loud just to show what my thought processes often look/sound like).
Option position in RYAAY stopped out for a solid 25% loss, possibly more given the stock gapped down 7% yesterday. Gaps are killer, COL gapped down this morning, but I doubt the bid/ask average would have necessitated a sell. RYAAY was a paper trade, but damn.
More to follow as I remember all the crap gone down,
Masterjaz out
# posted by Masterjaz Out @ 12:12 PM 
