Monday, April 23, 2007

Dumb, dumb subjectivity...

Oh, trying to predict the market is such a foolish game. BLTI tanked early in the session but recovered nicely. Instead of appreciating the bounce and collecting a slight reward, I decided to only half honor my stop loss by selling half the position. Of course, the stock declined and I sold the other half at a lower price than the first--dumb, dumb. I knew it was foolish, but I need to test myself. Here are the trades and the final tally. Sold 20.96038 shrs @ $7.156 and another 20.79327 shrs @ $7.07 for a net of:

BLTI: -$3.01 or -1.00%

On the bright side, I initiated a position in PLNR after it held up in the morning and it is current up nicely--risking a reversal of fortune for saying this...My notes:

PLNR:

As for a watch list, I am only watching F s, as nothing else set up nicely today...

For now,
Masterjaz out

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