Now why would you go and sell-off part of your position in "SMN" when it not only took out last week's highs at 33.74, but closed above them AND the 21-day MA after making a higher low on April 25th? You obviously are not a technician.
At the TOP (bottom), do you know what is the accuracy of technicians who are following the trend? big fat ZERO.
My 1st position is just under $37, I have traded it twice in the last 2 weeks buying just under $32 and selling it at $33.50+, now im up slightly on my SMN position,sold it off around $33.50, Tomorrow SMN is either back below $32 or back above $35.00. Wanted to take profit ahead of tomorrows meeting. A rate cut which many anticipate could send stocks like POT, MON, MOS higher again... My avg in SMN is now sitting around $33.75......
Given that you (admittedly) do not even know how to obtain GLOBEX quotes in the ES via the Internet, I'd say that you are just another college kid playing on the Internet who likes to hear themselves talk. http://www.elitetrader.com/vb/showthread.php?s=&threadid=125898&perpage=6&pagenumber=7
Again, you still don't make any sense. The SMN closed at the highs of the day and took out last week's highs!!! You wanted to take profits ahead of tomorrow's meeting??? Tomorrow's FED announcement doesn't occur until over 4.5 hours into the trading session.
Look I said I sold HALF OF MY POSITION, I wasnt going into any fed meeting with a full holding on SMN, as volatile as it is it could trade down to $30 and back up to $35 over 2 days. SMN and DUG are most likely headed to 40+ I also own DUG which I averaged into over the last 2 weeks and think that could be headed back up as well......
forget about him. He trades on 20-minute delayed quotes. Do you honestly think he has something to offer?