Thursday, January 29, 2009

DRQ - Buy to Cover

I just bought to cover DRQ at $25.11 for a gain per share of $0.15 and return on investment of .5%. I sold when I did because as the day went on, I wasn't keen on the small volume for this down day - meaning there wasn't a lot of interest in short selling this stock today. Sometimes that's an indicator that tomorrow's going to be an up day. Let's watch and see what happens - nevertheless its nice to make a little cash here and there! The big winners are coming up soon, I'm sure of it!

RECAP:

SS DRQ @ $25.26
BC DRQ @ $25.11