Finally, a day with gains
If you have been paying attention to my progress in the contest, you may have noticed that I have been slumping as of late. Well, I always try to stress the importance of learning in these contests, but learning the hard way is not always fun. Today I turned around and posted a $1,500 gain in my account.
My first trade that I made was with BOT. This stock may sound familiar, since Blain had shorted this one a few weeks ago. Due to the fact that it was a recent IPO, I have been watching this stock closely. I shorted 1,000 shares of this at market open which was $97.55. This stock later hit my sell limit, and I got out with a little over $1000 profit. The other trade I made was shorting 2000 shares of KKD at $5.32. This stock has been having unexplained gains for the last month, I am have been waiting for a reversal. Was today it? We will see; it dropped 5.5% today. I am still holding this one, but will be watching it closely.
Good Luck With Everything!
Mark Zimmer
My first trade that I made was with BOT. This stock may sound familiar, since Blain had shorted this one a few weeks ago. Due to the fact that it was a recent IPO, I have been watching this stock closely. I shorted 1,000 shares of this at market open which was $97.55. This stock later hit my sell limit, and I got out with a little over $1000 profit. The other trade I made was shorting 2000 shares of KKD at $5.32. This stock has been having unexplained gains for the last month, I am have been waiting for a reversal. Was today it? We will see; it dropped 5.5% today. I am still holding this one, but will be watching it closely.
Good Luck With Everything!
Mark Zimmer
posted by Mark Zimmer at
8:30 PM
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