Wednesday, January 14, 2009

Trade

  • Market is getting oversold in short term and could get little rally under oversold conditions as well as new President coming in next week. Let's see. Otherwise i might close these positions. I am not feeling comfortable going long at this point as its already very oversold. So being cautious here. Let's see what tomorrow brings.
  • I still have my MON FEB 75 Call. Need to see some actions on it. It is still holding 50 MA on it. It is close below it. I might close it.
  • I also bought 2 options of USO at 3.00 and 3.10. This is Feb 30 Call.
  • I Bought FAS again at 15.17. It is very small position. Only 50 stocks.
  • I bought some DXO (200 stocks) at 2.80. I think energy is oversold and want to take small position.
  • Finacial do not look great so i will revisit FAS little later. I am keeping my MON feb call options right now.
  • I sold my FAS long position at 15.96 which i bought few days ago at 17.00. It generated loss of 6.11%. It was showing 8% down in premarket so i put stop loss on it and it got triggered after some time. I could have sold them at open at 18.00 which would have generated some profit.

No comments: