Tough Friday, baby!
New watch list addition(s)
HYSL - Hyper Solutions Corp. on the Oracle takeover news.
Trade candidates:
TTC-A: (Only Deckers as the day before)
MACD: DECK
GAP: (none)
Trading session
I was making a try on the turn to trade variation (watchlist scanned manually for stock closing in between 2 and 3 SD upper Bollinger band - on the 3 day 30 min. chart, then checking which ones were trading under its 20 day SMA on the 1 month, daily chart). There were 4 closing just in the half hour ending at 11 EST. Finally, to were heading down straight after 11 EST - PCP, VIP and MBT. Then I was looking at their respective March Puts.
Finally, I could not resist to try on an MBT 50 March Put (MBTOJ), that I made a market order for. Then immediately, I have made a trailing stop order 10 points down from Ask. The only worrying part was the +159% of average volume reading on the my IBD list... Will see.
Open positions at market close 1 March 2007:
| .ACLEG | ACL MAY 135 Call | $1.75 | ($490.00) |
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