Tuesday, February 17, 2009 11:01:53 PM
Woke up and went out with a plan...but there was blood all over the street and I had failed to have cash handy and my initial order on the "sacrificed" stock to generate some cash didn't go through, so I didn't chase as she ran to .012; but was able to pick up some crumbs in the middle after rush buyers left and a few willing sellers (maybe a few that didn't get their PR to push it higher bailed and went looking for other plays with little more excitement for them)
The stock is still not heavily followed (today just a "news" play - for some lookin' to make 30-40% a day from the weekend "promotion"), IMO there wasn't any unusual buyers after you got pass the morning rush (seemed to settle to a typical range almost like a big boy stock does .085-.095)...and she continued to move higher in an orderly fashion. The day looked down (slippery slope) but the week/month continued its nice accumulation trend with higher low.
So the game inside the game (the traders vs the investors) with speculators, gamblers and the like.
Lets say I got about 60% of my target, tomorrows another day. She may need to test that .075/.080 again early just to see she has support to reverse the downward trend she was feeling all late morning/afternoon.
So I'm okay with whatever she decides to do, if she rains, I'll take an umbrella; if she gets hot, i may have to lay in the shade a bit and enjoy a drink.
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