Thursday's Results

This week has gone by fast for me.

Anyways, I had accumulated a few positions this week, but today, I couldn't hit the sell button fast enough, and basically closed every one of my trades. None of them looked even close to being able to challenge yesterday's HoD's. I had also set up 7 alerts yesterday night in preparation for today. However, none of them went off - another sign that the market was topping out. The funny thing was that the S&P Futures pointed to a +ve open this morning, but I've learned not be fooled by that false signal.

When I was done selling off my prior positions, I was looking for something to short. RIMM had been hit with a broker downgrade pre-market, and given the bearish tone of the market thus far, I decided to take a shot at some RIMM puts:


Today's losses were attributed to the combination of not being able to get rid of my prior positions fast enough (I was hesitating with a couple of them), getting smacked around by the BIDU puts, and trying to predict the end of the pullback in Wi-Lan.
I did pick up 2 gold positions in the late afternoon (KRY and FRG), they seem less volatile than these tech stocks !