Tuesday, March 27, 2007

Finally!

Got to put in a couple of orders this morning!

Long OXR @ $2.7 (current price $2.8), and short ZFX @ $17.15 (current price $16.2). These haven't been filled yet, but I expect it won't be long.

Tried the long position on LHG, however "Computer says no".

When I think about it, both these positions are me trying to 'catch a falling knife'. Which, I've been told is a bad idea. Conceptually, I get that - however, since I'm not sitting in front of the screen all day (much as I would like to), I need to make (what I consider) to be calculated risks. Let's see how this plays out....

Methinx there a bearish pattern developing in AMP. Will watch it some more.

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