Thursday, March 24, 2016

Good Opportunities Coming

I covered pretty much all my shorts into the big washout this morning, although I didn't get the best prices on $NADL as I would have liked. I covered about 1000 shares at 2.42 and then most of the rest in the 2.60-2.80 range. I can't believe I didn't cover all of it when I recognized there was a morning panic.

Oil stocks look like they might bounce in the next few days, which will provide a lower risk entry for putting on swing shorts. Can't wait.

$CBDS continues to run higher. The thought had crossed my mind to buy this pump a few days ago (in small size), but I missed it with everything else going on. It's going to set up to be an amazing short though, and that's a trade that can be taken with higher conviction. No shares to short at any of my brokers though... If one of you readers can get locates, then it's just a matter of sitting around and waiting for the top.

Tomorrow is a market holiday. Everyone should take this time to review their trades or go through educational material. Stay safe everyone.

No comments:

Post a Comment