Snake Oil Infomercial

Discussion in 'Journals' started by Brandonf, Jun 5, 2003.

  1. Hate Snake Oil salesman...makes me ill.
     
    #31     Jun 24, 2003
  2. Brandonf

    Brandonf Sponsor

    MLNM Long 14.20. Out 14.30
    FWHT Long 14.20. Out 19.78
    TEVA 54.30. Out 54.25
    MER Long 46.70. Out 46.65


    $0.58
     
    #32     Jun 24, 2003
  3. Brandonf

    Brandonf Sponsor

    [09:32] <brandon> you can see that in the premarket we pretty much traded in a range
    [09:32] <brandon> the way to trade a range is to buy near the bottom and sell near the top
    [09:32] <brandon> right before the open the indexes all started to sell off
    [09:32] <brandon> it sold off to the prior low
    [09:32] <brandon> barely breaking it
    [09:33] <brandon> and then quickly rebounding
    [09:33] <brandon> this gave us a 2b buy
    [09:33] <brandon> very tight stops right under the globex low
    [09:33] <brandon> and then the target of 1205 where it filled in the gap
     
    #33     Jun 24, 2003