InvestorsHub Logo
Followers 0
Posts 468
Boards Moderated 0
Alias Born 03/06/2007

Re: amishmotorboat post# 51301

Friday, 12/18/2009 1:03:14 PM

Friday, December 18, 2009 1:03:14 PM

Post# of 67237
Congrats on that...And there's nothing wrong with daytrading at all. If the market could be timed perfectly, everyone would do it, it only makes sense. What I hate is naked short selling--you can bet that morning cliff dive was some of this--but only nite and other MMs can pull of this dirty little trick. I'm not an avid day trader (especially in OTC stocks), but have been trading long enough to catch the patterns. Shorting Citigroup after Bank of America announced their TARP repayment was almost a no brainer...Fincancials stabalized this morning so I covered for a nice gain. Outside of today's pattern, this stock has been way too unpredictable for me to even consider daytrading it. I'll take a little profit on some weeks then add on low days (bought a huge block in the mid-.60s), but that's about it. My position is long and bullish.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.