Thursday, October 1, 2009

Twitter Sheep

I went short a bit too early, or perhaps I set my stops too tight... but I always tend to want to short when the market is raging up.

Now Twitter Traders are shorting today -- after a two day drop and a 100 point drop this morning.

I'm tempted to find a long trade here.  Stocktwits are always following, never leading.

Well here's my play:   long PACR @  3.80   -- I'll use a close below the 50 day as a stop.  (but no stop set).

Kind of an odd bird, I know.  I like the chart a LOT more than the stock.  We shall see.  But at least I'm calling it early and not chasing some momo name.

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