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Wave Trading with Gio

Gio
Joined Jul 30, 2008
2,107 Blog Posts

Trades: AFAM, CLR, GMXR

Gio Tue Aug 19, 2008 1:24pm EST 2 Comments

Added to longs:  CLR (48.79), GMXR (58.2)

Completely covered shorts:  AFAM (-13% at 43.30, shorted at 38.20)

Trader notes:  Shorting AFAM on that gap down was a mistake.  This should have been covered earlier.  Bullish on home nursing! Other hot stocks related to this sector include WellCare Health Plans, Inc. [[WCG]] , which I have yet to find out why is up a good 15 footer.

Casinos, gaming and entertainment getting hit today.  Try Penn National Gaming, Inc [[penn]] , Las Vegas Sands Corp. [[lvs]] , Melco Crown Entertainment Ltd [[mpel]] , Wynn Resorts, Limited [[wynn]]

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2 comments

  1. DB
    DB
    August 19, 2008 at 2:16 pm

    WCG just settled some litigation and jumped on the news. No way that should be worth 15% though……

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  2. Gio
    Gio
    August 19, 2008 at 2:34 pm

    Agree.

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