One Step Ahead

[Bo14172]

BlueJackets, GENM closed @ .0021.

Very nice 2 day return. I never got back in after .0013.

I think why CSJJ didn't run is that with GENM we knew they were reducing 50% of the O/S. With CSJJ, I'm not aware what percentage of the O/S was being retired. That is possibly why there wasn't the same reaction.

One trade today. In EYDY at .024, out at .030. I still think there is more room. With how MM's set the spread SO WIDE, they obviously didn't want this to run. It ran quickly on few trades and small volume. I'm still watching it closely.

SWME did a head fake on us Joy. We called it right on the money yesterday. When it dropped this morning, I was "scurred" (as the my teen says..lol) and stayed away.

Til tomorow, have a good winter's night all.

Bo