Tuesday, September 28, 2010

Tuesday, Sept 28.

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Well today I still made no moves back into the market as far as the C-fund goes. The SPY did puncture the $115 briefly at the end of the day, but it settled back below @114.67. My gut says she is getting ready to blow through, but my gut is not an indicator, so I will wait to see what it does.

Today the first thing the market did, along with a lot of big names, went south very quickly. Quickly enough that I got stopped out of AMZN (Amazon). One day you have a profit, the next you get stopped out without notice. I was force to take a small loss in AMZN of $54.

While the market was doing a dip, the little insurance policy that I had in SPXU was on the move. I quickly put in a sell order and took a small profit of $22. A profit is a profit.

I had two new stock on my radar in TLB and ATPG and I pulled the trigger on TLB. I bought 200 @ $13.49.

Around 10am the market did a snap back to the positive and along with it REDF was on the move. Yesterday by the end of the day I down about 6% and today at the peak up 18%. I sold my entire position and took my $350 dollar profit. I will keep this stock on my radar for another entry.

I placed one more order near the end of the day and it was filled. I re-purchased 100 Shares of SPXU betting that the S&P500 would once again bounce off the 114 level and go south. I’m just playing the odds based on the past events that it has bounced off this level at least 7 times and retraced. I will not hold this long no matter which way it goes and I will take a small profit if I feel it is required.

Up $318 realized profit today.

Unrealized and still holding:

JASO - $49

SCS - $44

TLB - $28

CTRP - $20

SPXU - $4

RIMM - ($95)

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