Wednesday, May 31, 2006

trying out shorts

Well, since this market has been more down than up lately, I've gotten
into a few shorts. BUCY I got bounced out of pretty quick on an up day
at a 5% loss. FCX and TRAK I still have. I can see why people don't
like to short: it's less reward. Also, it seems like this market is
choppy, so everything's cancelling out. I should probably get out of
both of them at a good spot, but then I'd probably be tempted to do
someting more risky.

My last long is AP, which has had some really strong days lately. It's
also #1 stock in the #3 group on IBD.

Another long I'm watching is NTSC. It's setting some new highs on
pretty big volume, although it's avg vol is pretty low.

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