Marketgeometry

Wednesday, December 24, 2008

Wednesday Trade Review 12/24/2008

Another one got away. This is a big mouth stock. I was hoping to short it around 33 at 8 am. The bid/ask was 32.30 and 33.00 so I put my short order in at 32.90. I waited 15 minutes and cancelled it. A couple of shares trades at 32.30 then 32.75. I sat there with time slipping away. I had a company Christmas party to get to. Then minutes later I saw more shares go at 32.78 and then 32.80. For a few seconds I saw a bid for 500 shares at 32.80 with an ask at 32.90. I thought to myself I could short the 500 at 32.80 with a stop at 33 and a target of 32.30. The shares were taken with out me and I had to leave. Two hours later, I found my plan would have worked perfectly for a $250 gain. Damn. Merry F-ing Christmas to me. I got to change this in the new year.
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The numbers:
Stocks :none
Stock Futures: none
Forex: none

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