Did you ever start something then let it lay...I have. Too many times. I knew the Lord wanted me to keep up on this blog. But I let it go. No more. Please remember, like we have previously stated, I am no author and not very good with words. (Or even spelling for that matter.)
What are we trading today? After yesterday, we really blew it. Confusion set in and eratic trading began. Bought STP. Knew it was a great move. In fact, was going to buy it the day before when it was down but instead we decided AGU and De were better short term pops. Not. Then I received an email from a options service we subscribe to and they said, "buy puts on stp". Confusion. Sold STP. Dumb
So what did I do from there? Bought the put on the XLB. Loads of volume there but could have been short covering. We will see. I don't feel good about this move now that I have spent the night with it but that is usually when it is right...when it feels wrong. Figure that. (Read that in a trading book somewhere.)
Bought a put on leh yesterday and then Pete N. on Fast Money said the same last night as his final trade. Feel good about that one.
Bought options, calls, on BIIB this morning too. Like the outlook there.
And of course...there is IOC. Have been trading this bi-polar stock for years. A big move is coming. Almost sure of that. Have close to 35 contracts on this one.
When I can get my mind straight I will have to post how last fall went. How we went from 9,000 to 156,000 then lost it all. Interesting story. Will post later in day here too. Until then......
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