Thursday, September 11, 2008

Comments on Positions

Things are looking better overall. I kept RIMM and am hoping that the daily slow stochastic rises a bit more before I sell--seems like a lot of hype is building, so holding a little longer doesn't seem terribly risky. EGLE is continuing up, which is relieving. The others are coming along too. I wish I covered my PCH position and reinvested the money into another stock; but, the opportunity is past. Perhaps tomorrow.

RTH looks like it may be somewhat overextended. Stoch is overbought and the stock seems to be far above support. I'm curious as to why retail would be doing so well in this environment. Looks like a good shorting opportunity to me.

Good trading. Take care.

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