Tuesday, November 4, 2008

ALY & FPO

I bought to cover my shares of ALY just a moment ago - at a loss of $0.56 per share. Its best to have my capitol back to invest in a security that was not affected by the Election Day Frenzy. Let's try it again.

Just short sold FPO at $11.17 as it made the proper set-up and it has quite a bit more room to move. I'm really eyeing IVAC and MENT at the moment as well. I have to admit even as a technical trader, I'm leery of using all my capitol shorting around this Election - I'm not sure what's going to happen tomorrow when the winner has been decided.

I think I'll keep what I have in cash, in cash.