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lteflow

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lteflow

Re: None

Tuesday, 03/09/2010 6:00:07 PM

Tuesday, March 09, 2010 6:00:07 PM

Post# of 376163
Explanation on CSCO ss'ing...

IMO, you would have had to be an idiot to buy CSCO after yesterday's run-up, and its recent gains as well.

Therefore, I ss the hell out of it as soon as I could, and it paid off well for me (not to mention it was a simple "buy the rumor from the pr and sell the news").

Also, bought it long when the volume picked-up and sold; and re-shorted.

Obviously, I covered that short position in the teens, and will wait for a certain indicator to come back down a bit, or for it to hit my entry point before going long.

Remember, CSCO hasn't sold chit yet. :)
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