towards 3:00 New Position LONG QQQ 34.58, covered the rest of the QQQ as the 20 period ma did not stall a move up nice play today. New long 34.58 with a tight stop of $0.20 (POSTED IN TRADING ROOM FIRST) goal is about $0.25 no other longs on the agenda except a few posting in the real time trading room for earnings plays that have tanked to the bottom of the abyss and of course we were short or puts<g>
QQQ in 34.58 out with $0.03 and that's the way it happens when folks scalp <g>. Now multiply that 30 times for the results of scalps in general take 15 winners and 15 losers, commission etc. for all intents and purposes we didn't short any more rallies (there were no rallies to short)We just are still holding the MORNING SHORTS here for a final cover we expect at LOWS OF THE SESSION. Lovely moves today all around. The SINA, SOHU and NTES early longs were just icing on the cake. SINA and SOHU puts were huge as well (closing from yesterday near the open as posted)
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