Friday, January 9, 2009

1st trading week of the year

Activity for the month so far...

Bought 200 AKAM at 16.45 stopped out at 15.48. (-216)

Short 100 NOV at 29.54 covered at 28.92 (+41)

Bought 200 LDK at 13.31 sold at 16.30 (+578)

Short 200 M at 10.68 stopped out at 11.38 (-161)

With "Barrack the Builder" being pro renewable energy it seemed only logical to pick a solar. Luckily for me, LDK outperformed all the others by a long shot.

Shorting M didn't seem like a horrible idea. Walmart's bad report plus Macy's store closings made me want to go short. With a little conviction and cojones of steel I could have came ahead because M is printing 10.30 as of the close.

2% month to date. I'll take it.

No comments: