Originally Posted by
dread
Got my order filled at 18.00 for SRS this morning, then put in my limit to sell all at 18.50. I was relieved that the trade panned out. I first bought 150 shares at 18.68 thinking it was the bottom, and it was for a few days lol!! Then it flipped around and the high 18 is the new high, so I had no choice but to average down by taking 100 shares at 18.00.
I think I made enough to buy a few pizzas!!
I love these ETF's because of the movement and action going on. But they ae extremely dangerous, especially during earnings, as I have witnessed. I wanted to hold this for a month, and as soon as I got in, all of this news came out saying the recession was over. And all was good.
I know things are not good out there, but people still tend to buy into what they are told without doing their homework. Garbage like that can really screw up your trades, even when you know your right.
That is why I have to agree that pennies are safe right now.
Anyway, CIT was a riot today, have been going through some of the threads on other boards, and WOW what a morning, and then close!!
I see immediately AH it came right back down below a buck, looks like the last trades were on low volume.
I see volume is picking up on SIRI today, not sure what tomorrow will bring for this one. Looking at todays chart, if this continues the big money wants to force it down again. Just my guess!!
Hey Bill, have not taken time to look into QASP yet, if I can I will tonight. :) Looks like you have it covered from last nights post!!
OK, back to the BS!! trying to figure out tomorrow, tonight.
Oh, yeah, good to see ya here Tony!!! :)
Good luck out there everyone!!!