Shorting “in the hole” or at the lows after a steep move lower this morning is getting punished, once again, which illustrates the power of a cash position in a corrective bull market.
Updating my last post, the SPY cleared the first $157.50 level and is in gap-fill territory from this morning. A close today above that level is a decent first step for bulls, but just that–A first step. There is much damage done this month. And I suspect it will not reverse all at once despite exuberant moves off of lows.
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Watsonian, you contribute over at victory formation?
A black cat, looking just like this, crossed my path on Tues..uh ohhh
“Superstitious”..nah..
Although, I did land in ER for 12hrs yesterday. some sort of messed up/freak whip~lash..hmm..and crunched vert in c~spine..fun..Fun..((FUN))!!
Cannot stand hospitals…so I checked out..:( with a messed up spine!
Sold a portion of an older position that I’ve posted about on this nice move..locking in (+200.80%)
Status Filled at $3.6701
Symbol PSUN
Description PACIFIC SUNWEAR CALIF INC
Action Sell
Order Date 06/28/2013, 09:39:13 AM ET
shares were acquired:Acquired 12/27/2012 for one buck and 22 pennies..
nice scoop, SOOoooz!!
😉
my nemesis, why(?), the dude is over there whacking his little wiener..haha. Seriously, don’t believe he has a dime in the market. While his followers(fake acct action there) stroke his ego. Anyway, many more wrong calls rather than right. All over BBRY last week at 15..a technical Bull..WRONG!! really wrong..
took position here for a quickie @ 10.33