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Tuesday, November 17, 2009

Trades Recap for 11/17/2009
Posted by shawn | at 1:33 PM

Excellent day today due to NASDAQ:NLST, it went up 700% in 4 days and stocks that go up supernova like this usually will be followed by days where it trends down.  Today happened to be a nice downtrend and I shorted when it went went green to red ( dropped below the opening price of $5.65) The green to red or red to green are important psychological pivot points. I'm holding the current short of 5000 shares overnight and possibly selling into the market open tomorrow.


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