iBankCoin
Joined Jul 30, 2008
2,107 Blog Posts

Trade: NCTY, FRG +5.7%, DRYS +19%

New shorts:  NCTY 9.88

Completely sold longs:  FRG ( +5.7% long at 3.48 )

Completely covered shorts:  DRYS 5.78 ( +19% short at 6.88)

– Finally covered DRYS short yesterday.  Another smooth win on playing the commodity fade.  All these divergences everywhere tells me there’s some uncertainty in the market so I decided to take profits.

–  I actually was able to pull out a gain on FRG, even though I was expecting it to be red.  Closing it out green is just buying me some time on my solar shorts.

–  Shorting NCTY on NTES news.

–  I will be buying more home health-care stocks soon.

–  Stocks on the watch:  CTRP, SXCI, TNDN, MR, TRLG

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