Happy Trader

Happy Trader
May we have many days being the Happy Trader

Monday, November 8, 2010

Close of day November 8

That was a wild day.  It started out kind of boring truthfully but picked up steam in the afternoon.  First the annoying news.  Remember that TAON I sold for a small loss at .019????  Well, at first it looked like the right move as it dropped to .0155 but then it rallied big and closed at .03!!!!!! Frustrating to say the least.

Enough of the negative stuff.  The DGRI that I bought at .0343 closed at .0395.  It reached .0465 during the day but I held on and am hoping for a good open.  We'll see, but at least I am up good on it at the close.

Also my SNEY which I thought might lag around .0075 rallied and closed at .0086.  I have to like that since I am in at .0075.

Finally, at the close I made a flurry of buys.  They are VTRO at 4.55, CPMCF at .179, and SAEIE at .059 all of which were down today but I think have potential to bounce.  The net for the day was a gain of 49 basis points.  I would have to give myself a B+ for the day if I were grading.  I made good gains on most and feel good about what I am holding, but am mad about the TAON.  If not for that sale I would have had a very big day.  However, I have to remember that I sold for a reason and it did continue lower initially, which had I held, I might have sold even lower at my stop loss.  It hurt me today o TAON but I think discipline like that should be helpful in the future.

I have a full plate of stocks going into the morning.  Here's hoping for a big day and happy trading!

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