I went crazy today and made a bunch of trades.
FEED: Out at 2.93 from 2.35 (nice)
SH: Out at 72.16 from 78.63 (ouch!)
SWC: In at 4.4, out at 4.75 (nice)
LDK: In at 8.3, out at 8.15
GNK: In at 15.05, out at 15.40
Exhilarating.
At the end of the day I realized I was seeing too many mixed signs about the market. I had been a converted bull for a few hours, buying break-outs like it was 2007, but then realized that after having some fun in the water, I shouldn't forget to watch for lurking sharks. I have a feeling some of the giddy bulls around here are going to get their prairie oysters shucked off unexpectedly and ground into oblivion.
I'm probably wrong. Hopefully I'm wrong--it'd be great to see a confirmation of a new bull market. We'd need two things to set a new trend, at least according to the Dow Theory:
The breakouts I bought today will SOAR if news turns out well in the next few days. I'll catch the late train and bank less dough, paying for my uncertainty.
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