Monday, October 27, 2008

10/27 Day/swingtrades

Looks like the rallies are still getting sold. I think we continue this way until the Fed announcement this week.

OIH - I picked up some Nov 40 Calls as it broke out of the triangle. I got stopped out @ 84.50 for 2.50 profit on calls. That would have been a great time to go short but I was too busy with a conference call.


POT - I went with Nov 30 Calls as it broke out of the base. The action was pretty weak as I got stopped out for $0.20 gain. Again, that would have been a perfect time to flip to the short side.









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