Friday, January 23, 2009

Another Trade Taken Today


Circling around highly shorted stocks and having conviction in market direction made me take this trade. once i was 'convinced' the market would recover off the lows and start to head higher, i positioned into highly shorted VNO and went long on a break of the falling wedge.

2 comments:

Blue said...

I was watching that at 50.50 for a big close, which on a Friday it didn't get.

Way to hold that BXP trade until it worked. Good luck there catching a big day for oil which helped prop that trade up. HES with the same size would have been a bigger pay day. Same with EOG and of course gold ran right from the open which I missed.

Stewie said...

thnx blue. my attention today should have been in the oil patch. hoping to see more of those big down opens next week.

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