ETFC – Made our 3% gain for the day by buying on a morning pullback at 1.72 and then exiting at 1.77 later in the morning. We were able to complete the deal for a solid 3%. ETFC has fluctuated throughout the 1.70s from low to highs throughout the day. I would continue to buy on low 1.70 ranges and sell on high 1.70 ranges.
YGE – Got stopped out for 3% loss at 12.80. Stock increased significantly from the lows of the day. I saw its increase coming and should have done a better recommendation on setting entry point based on that. Definitely a great short sale from the highs of the day.
September 14th, 2009 at 12:12 pm
Oxen Report Midday Message
ETFC – Made our 3% gain for the day by buying on a morning pullback at 1.72 and then exiting at 1.77 later in the morning. We were able to complete the deal for a solid 3%. ETFC has fluctuated throughout the 1.70s from low to highs throughout the day. I would continue to buy on low 1.70 ranges and sell on high 1.70 ranges.
YGE – Got stopped out for 3% loss at 12.80. Stock increased significantly from the lows of the day. I saw its increase coming and should have done a better recommendation on setting entry point based on that. Definitely a great short sale from the highs of the day.
Good Investing!