A Jeckel and Hyde Day...

Coming into the 2pm trade window, today is looking rather mixed. On one hand, CNCT is looking great. I took partial profits at 11am @ $8.46 a share (net $7.00 or 2.6%, relative to the total position) and closed the trade at 2pm ($8.45 a share; net $6.83, 2.5%). Grand total on the trade is:

CNCT: +$13.83 or +5.15%

The stock was strong relative to the market and I did not want to give up my gains. I love profits. On the other hand, RHI is looking very weak. The sector is underperforming huge today thanks to a different Cos. earnings (LRW) but I still don't like the price action. And it keeps getting worse as I'm writing. I will close this position at 2pm ($34.29 a share) for a minor loss. There's always the possibility of a rally near the trading windows. In the end, the CNCT blew away the RHI and I'm still up on the trades. Just the way I like it.

RHI: -$3.06 or -2.06%

Nonetheless, had I held RHI would've killed me. It closed at $33.12, OUCH. Likewise, CNCT is looking a little weak although its performance today vs. the market is respectable. You know my philosophy: Never hurts to take profits. Similarly: it never hurts to cut loses. I know I bailed on RHI a little early, but I am glad I did. Sometimes it is better to be lucky than good. It's my opinion that there will always be another trade, another opportunity and I must have cash for that time rather than be stuck in a flat-lining stock.

And, given that I am all in cash right now--I'll be posting a watch list tomorrow. I'll see what the tcl/tk script returns and give my opinions. By the way, LSTR bombed today in spite of decent earnings. Transports are getting killed, sorry if you got in based on my opinion (PETS was up!).

Long post, long day, for now,
Masterjaz out