Thursday Update

Posted by downtowntrader | 10/07/2005 02:30:00 AM | 0 comments »

I was traveling all day today and the only thing of note I can say is I bought some BOOM at 40.20 this morning before boarding my plane. I got stopped out of a few positions, and I will remain on the sidelines for the most part. I have three positions right now, and I will be out of town (and not trading) till Wednesday. I will set a stop on them and hope for the best. I was a little surprised that we didn't get a dead cat bounce today, since most of the indices were at support. We are kind of stuck in no mans land right now... Too oversold to initiate new shorts, and too risky to bottom fish most stocks right now.. Looks like I'm traveling at the right time. Good Luck.