Tuesday, November 4, 2008

Tuesday Mid-Day Update

I sold my APWR this morning at 6.85 to lock in a 36.7% gain. It still looks okay, getting a little more volume today, but I don't want to get caught in a sell the news reaction to the election. I will be stalking for a new entry. Right now it is trading at $6.40 and the close will be the first indicator of whether it is building up strength.

I am also stalking STLD as it finally got through the $12 level but I don't want to be holding too much overnight. Just going to hold my token position in EXM through earnings and I will see how it acts from there.

Volume is very light on the S&P as it butts up against overhead resistance and it looks like we are due for a pullback. I am looking at a few shorts but I want to see tomorrow's opening before I put too much on the books in either direction. I will post any trades I make throughout the rest of the day.

JAX

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