Thank goodness for the 2% stop on day 1 rule (Ross's rule). If I'd become married to this trade I'd be taking a bath right now.
I entered into a small long position with ASPV just before the close. If things continue to improve, I plan to add more shares tomorrow. - Spydertrader <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1068487>
Whats shaking today? The futures look pretty rough, here is today's Dry Up tickers as I see them: CNTF FMD MIND What is everyone else seeing? Edit: CNTF is up big premarket due to some partnership with MSFT... this one will hit LBDU easy... that doesn't make it a good play though b/c of the gap up
Friday Watch List ASPV BTUI CKCM GIGM MIND PWEI SIRF TRLG I plan to watch these stocks throughout the day today. - Spydertrader
In DU for today... CFK CNTF FMD FORD MIND Bruno R setups... MIND NSSC SIRF BTUI good luck to everyone...
I'm watching CNTF, FMD, FORD, MIND and Bruno R: SIRF and BTUI. Out of these, I think CNTF is the only one left with potential. I'm not sure yet what to look for in the Bruno Rs.
Well, ASPV certainly didn't work out as anticiapted, but these things happen now and then. I added on shares of ASPV in an effort to lower my overall basis. When price finally hit my stop, the time had come to sell. The resulting overnight trade provided me a -$500 USD loss on 1200 total shares. This loss represents less than 1% of my total equity - well within normnal risk parameters. - Spydertrader <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1069648>