Trades 2/02/10

Well, after so many days in the red, we finally pulled off a positive day.  For that very reason, we have sell stops on the larger positions.  SKF didn't even come close to our sell stop.  If the day starts off positive again today, the new rally of late might be believable, and we could lose that position for a tolerable loss.  My guess is that negative sentiment will resume. 

There was much positive news on QTWW and SSN today and the reaction was kept under control.

I am still looking at more short ETF positions, if we get a positive start.  The strategy as usual is to set a buy stop just above current price and follow it down until the reversal comes.  If it doesn't come, we don't enter into new positions

Current Holdings

Symbol Security Entry Last Change Exit Plan
QTWW Stock 1.02 0.8157 -0.2052 N/A
SSN Stock 0.276 0.2704 -0.056 N/A
SKF Option 24.31 24.00 +0.31 St.23.60 - GTC
TSWNH Option 0.25 0.20 -0.05 N/A
UALNO Option 0.10 0.02 -0.08 N/A

Updates as warranted. . .


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