Wednesday, May 09, 2007

Wednesday Mid Day

Waiting for the Fed to pronounce - pretty sure it will be "still concerned about inflation" as well it should be. They have the keys to that truck - just stop printing money and inflation goes away.

I'm staying busy though - added to AKS and that is turning out to be a smart move. Added to BGG even though it didn't pull back and that is turning out to be a smart move. Added to AV and that is turning out to be a smart move.

Bought KNOT at an introductory level - it went up right after I made the play - dropping back now so I'm not sure if I will hold it or not. It did hit R3 and I should have dropped out then if I were going to. Oh well we'll see - it still owes me some money - not a lot but enough to make it interesting.

And made a substantial play in MENT for a short-term swing trade. MENT and KNOT were both found on the close = high filter.

Good trading and here's hoping for a Fed Rally this afternoon.

1 comment:

QUALITY STOCKS UNDER 5 DOLLARS said...

Wednesday is known best as hump day.