Tuesday, October 16, 2007

Running Off TRAK

TRAK gapped down 10 bucks this morning. The stock climbed up about 5 points, where I sold the other half of my position. Which reminds me, I don't care what anyone says, when a stock runs up 20+% in a matter of weeks, you have to take some off the table. I'm glad I sold half of my TRAK last week, or I would have been really really mad this morning. As it stands, instead of averaging 20% on the trade, I probably netted around 15%. Still not bad. Read my first post on TRAK here.

Also, I sold XFML today. I still have the distinct feeling that it will bounce tomorrow.

My 20-Day Play, DAR, broke out today, so I bought 500 shares.

Most everything else I own is either consolidating or has pulled back a bit. Tomorrow may be the bounce day, after the INTC, YHOO, and IBM reports.

8 comments:

Broker A said...

thank you for selling.

Woodshedder said...

You're welcome. It almost guarantees a 7%+ move tomorrow.

mdawsz said...

Hey wood, do you know where can I get a payday loan?

Woodshedder said...

Dude, Financial Web has got you covered.

Broker A said...

Mdawz needs a loan?

WTF?

Woodshedder said...

Yeah, Brent has countersued him.

Suzanne of Pittsburgh Options Trader said...

Hi, I found your blog via Fly. I love your analysis of the 20 day play, I hope it works for you!

Silly question...but what do you consider "full time trading" by volume? Amount of time you spend? Dollars invested? Thanks!

Woodshedder said...

Suzanne, man I could sure use your help with options ;).

I consider trading to be full-time if one trades enough to be able to file mark-to-market with the IRS.