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Shakey Market!?!?!

As you notice, I have not posted too many charts the past week or so. The reason is because I am very skeptic of the market still. I have been mainly day trading. I was short aapl, but followed my rule not to gamble on earnings and listened to Steve and it was a good thing I did because aapl went flying and I was able to short 300 shares pre-market for a quick  gain. Every day that the market gaps up, I have been fading the gap with a short, and book profits quickly. The market went flying today and I really think tomorrow will be a good short day. I am looking to short the momo stocks pre market. They tend to go down as fast as they went up. I am going to put a chart of NYX up that I bought a few days ago and still like the chart. VMW is another stock that I have a small portion of that I will acutely ride into earnings with which is tomorrow.

Also congrats to all who bought AMZN  featured here  August 21, at $77.
It hit $101 today before going down after the earnings.
Also congrats to all who bought SPWR featured here June 22, at $63.
It hit $109 today.

Also there is sometimes a confusion when I post a short on the blog. Most of the time (except for FED) the shorts are swing set ups because I believe the stock is short term overbought. If there are ever any questions just ask and Ill try to comment back in the comment section.



6 Responses to “Shakey Market!?!?!”


By Brett Goldstein on October 23rd, 2007 at 8:30 pm

I am holding into earnings and breaking my rule because my VMW position is very small. So worst case scenario wont be to damaging.

By Thomas on October 25th, 2007 at 3:57 pm

Could you elaborate on your gap up shorting method? Thank you!

By Beth Potts on December 20th, 2007 at 1:34 pm

I didn’t have any trouble with stocks around that time. But wize trade helped a lot though. I will say, that I did lose more than I usually do though. I tuned into the lying earnings reports.

By Jesse Sanchez on December 26th, 2007 at 5:01 pm

I bought stocks at all time lows too. I didn’t get in on amazon though, because I jsut started wizetrading a couple years ago.

By wrokokali on February 10th, 2008 at 9:34 pm

She was nicely spread eagle. In control. Okay now dita von teese gallery as she.

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