Tuesday, February 24, 2009

Buying Oversold Market

Bought some Spiders (SPY) today at the opening. Put a tight trading stop under. Market was way too oversold yesterday, time to try to make some money on it. Looks like I was right. Turnaround Tuesday worked this time.

Full disclosure: at the time of publication author had a long position in SPY. Positions can change any time.

Seeking Alpha Certified

No comments: