Yesterday, we saw that LSI Logic (NYSE: LSI) was not able to push through my 8.40 pivot. This morning, I shorted it at 8.30 and rode it down to 8.14. As you can see from the chart below, I got out reasonably close to the bottom of that move. What will make me sick is when I get back from lunch and see it at 7.80…
The only other stock that’s close to my entry level right now is Anheuser-Busch Companies, Inc. (NYSE: BUD). It keeps flirting with my price of 47. If the market turns optimistic for a second, it might push through. We’ll see. Some other stocks on my stocktickr watchlist are inching in the right direction, but I doubt they’ll get to their targets today. With tomorrow being an options expiration day, it’s not clear at all they’ll act “right” tomorrow, either.
I hope everyone’s trading is going well! The site design will be redone this weekend, unless I get caught up in other activities. I’m currently trying to put content ahead of format… also I need time to learn a bit more about how the wordpress themes work.