Woops, mistake. That should have been YM around 100 range THURSDAY & 80+ FRIDAY. Today too a nice respectable range at about 80 points .. with a steady upmove finishing off the last 3quarters of an hour to 4 o'clock.
yeah days like these make my pnl very volatile...down 2% 5min after the bell, up 1.9% at close [b/e]. pain in da buttz...very tiryin'.
Short it when it hits 30. (See March 13th.) I rode that sucker down from 32 ... Traded it horribly though. So it goes with a neophyte....
The short interest in OSTK is over 60% of the float...Whooooweeee! http://finance.yahoo.com/q/ks?s=OSTK
If you believe Patrick Byrne (the CEO), then the real short interest is over 100% of the float. :eek:
Volatility is always down in the Summer but there are plenty of Markets to make money in if you just look and are consistent.
Waiting for the breakdown out of this triangle any day now. Made a lousy $200 today and it took hours of staring at two crawling positions. The setups I usually like have been rare this week.
yeah. i bought 10 puts at the top.. we'll see. with that amount of shorted float, perhaps 1 million of today's share volume was buying to cover... hopefully it won't be a new lesson learned (ie: don't buy puts on a recently heavily covered stock).