Tuesday, October 11, 2011
shorted 1lot of SCIS at 3.68 last friday after 4days of continuous up from dow and sti, seems to me that its way overbought, however i do realise that from the price of $6 to $3.2 in 1 month, its likely to rally back till at least $4.5.
however, i note to myself market has been keeping within range and my little experience has showed that , buy when there is fear, sell when there is greed. the rest is noise.
perhaps its a slightly longer rally, but signs of bears taking over have shown, crisis is here to stay, averaged down 1 more at 3.81, and another at 3.88 to an average price of $3.79.
its easy to earn $10k within a day, even easier to lose $20k within a day.
however i can't risk this , with my commitments, and i've lots to look forward to :)
5:02 PM