.selling swing JAZZ at 7.15-.10 at 88% PURE PROFIT $-)
Posted: Tue Jul 28, 2009 2:34 pm
.selling swing JAZZ at 7.15-.10 at 88% PURE PROFIT $-) this position I had a total of 3 adds that brought it up to 1.5X oversized stake. again according to my strategy a stock position is 5 times the money allocation of a equivalent option stake so this 1.5X oversized stake represents a very aggressive position and I now find it to high risk to hold. Big smiles to all who bought and held the swing from july 7th $-) weeeee my first and only trade and email of the day, am waiting for market clarity and have trouble trusting this market bounce here, I see a strong possibility of the multiday marker consolidation as a healthy and high possibility move as a reason to be cautious.