Marketgeometry

Monday, February 9, 2009

I think too f-ing much 2/9/2009

This shit drives me crazy. You plan the trade then trade the plan - right? PBI was a big mouth stock. It made a couple of trades close to 25 last night in after hours once the mouth roared. I wanted to start a short position at that area. Just before the open a bid of something like 4500 around 24.90 and 24.95 showed up. Just perfect but with no asks above the price the stock looked like it could open as high as 25.50. Did I take a start position - NO! When it opened, the bid was taken out, then the next trade was 60 cents lower and quickly you could have had a 90 cent gain. Dummy me.
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I thought someone knew something I didn't. I think too much.

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