06-02-2008, 10:36 AM
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#17 |
Join Date: May 2008 Thanks: 3
Thanked 2 Times in 2 Posts
| Re: Swing Trading Opportunities
It is days like these which filter out the strong from the weak. The weak will be stopped out (has not happened to any of our positions yet) and the strong will survive this bearishness and find their way to our targets. It is also days like these the trader has to be aware of and take appropriate measures of insurance.
In practical terms this means that I have shorted the SPY ETF's at market open as a hedge against our long-biased portfolio. The new candidates are not doing particularly well today (except for SO) but time will tell. Here they are:
AET (Long): Stop @44.50, Target @49.40
CEM (Long): Stop @8.15, Target @9.40
NWY (Long): Stop @7.05, Target @9.50
SO (Short): Stop @36.50, Target @35.20 |
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