Marketgeometry

Thursday, June 28, 2007

Time to go on vacation 6/28/2007


This is a stupid trade for me. Just before going on vacation having an okay to good month, I did not want to blow it. I went long on AKS with nearly a full position. Minutes later I saw the largest ASK amount I had ever seen posted on this stock - 145,000 shares. I stayed there for about a minute and before it left it freaked me out enough where I sold my position for a 2 cent gain. Seconds later the stock started on a 40 cents run never hitting my stop loss. I should have sat on my hands.
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The numbers - Gross +18, Net +9 and shared traded 1800.
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Vacation time.

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