Being a mostly up day, my mostly short watchlist tends to suffer. I’ve been attempting to put more long options on it, so that I’m equally ready no matter what happens.
Today, Hansen Natural Corporation (Nasdaq: HANS) dropped through my 41.8 entry in the opening minutes. I didn’t take that trade, as I don’t chase opening volatility. It promptly turned around and made a valiant attempt to fill its gap:
I did have one watchlist success, though. Later in the day, Terex Corp. (NYSE: TEX) ran a little past my 45ish long entry point, and then fell and bounced off it again. That’s always a very good sign. I wasn’t at my desk at the time, so I missed the trade. I got the alert on my blackberry, but all I could do is verify that it wasn’t running fast right after it hit 45. By the time I checked again, it was too late. If I were at my screen, I would have gotten in above the black line. That’s the point where it showed me it can run higher than its initial push through 45.
I am proud to report that I have several StockTickr friends now, thanks primarily to my interview there, I think. So, I hope if you are following along with my watchlist that you got in on TEX and made some money. I am user idempotent there if you want to befriend me, as well. Of course, just like everything I do, that list is for informational purposes only, and is not to be considered investment advice.
See you tomorrow!
| Stocks Mentioned In This Article | |
|---|---|
| Stock | Links |
| HANS |  |  |  |
| TEX | | | |
August 4th, 2006 at 8:02 am
I love your writing style. It’s so natural. It feels like I’m having chat with an old friend who has stopped for a cup of coffee and a pastry. That may sound strange, but it’s true. Great work my friend.
August 4th, 2006 at 11:13 am
@ERC: Thanks. I do like coffee and pastries, so I think you may be onto something!