Wednesday, May 6, 2009

Market Wrapup

Rough day for me, this market is wild. I took some losses on some ultrashorts and don't know why I continue to buy the damn things. I bought more at the end of the day to improve my cost but I'm getting hit hard. My shippers and commodities plays like CLF saved me and I bought tiny stocks to save me. I plan to day trade small caps to offset my ultrashort loses.

The SKF is killing me so I'm I might take the hit but I know when I do the market will dive 10%.

CSCO had good numbers which can move the market higher and if so ill keep tight leashes on the shorts and day trade like a maniac to offset gains.

I'd play safe here, either way

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