Thursday, November 02, 2006

Sitting and Watching....

No American trades today - haven't done that in a few weeks now!
And a good thing too - market actually gapped up to open, trapped the last of the permabulls and then tanked for the rest of the day. If I had made a trade, I would have been one of those permabulls that got trapped.

I did make one trade in a canadian stock - it's a junior gold mining penny stock. Got some decent buy volume in the morning, but got stuck in the afternoon selloff and now I'm sitting on a $75 loss. We'll see if it can bounce back tomorrow.
I've been working on another article while I was watching the markets, but now I am too tired to continue writing.... Will finish off that article tomorrow.

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