SOLD: FAZ (+30.29%)

Mar 4, 2009 -


I held FAZ for another five days (three trading days). The entry wasn't the best, but given the market conditions. I figured I'd just place a tight stop to negate the poor entry. I've had tremendous success with FAZ since before - trading it for a 12% gain earlier this year. My exit was purely a technical exit. There is declining volume in the ascent towards $80 and STO indicate overbought conditions.

I haven't seen any plays I can make today. I'll be sitting tight until the next opportunity arises.

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