Tuesday, February 24, 2009
Intraday Trades - Feb 24th, 2009
This morning I bought some SRS at 77.00 and was going to post my *buy* to the blog but sold it too quickly. I released it at 83.01 only 22 minutes later.
Just now I made my first trade on that FAZ, the triple short financials ETF. I bought a little at 64.45. I'm looking for just a few points.
With 2 hours left in the trading day, the market has the feel of one of those *up 400 points reversal days.* So I'm going to hold off any new shorts until 4pm or so.
What could possibly happen tomorrow to make stock investors eager to buy?
UPDATE - At 3:33pm I couldn't help myself. Doubled the FAZ position at 57.87 and I bought some SRS at 69.45. I just couldn't wait until 4pm!