Sonic Money is a sounding board for my personal investments strategies and stock research. It will be updated in real time. As I make moves in these financial waters you will be able to either join in or watch from the sidelines. Either way my goal is to make money every day through picking long term stock winners, shorting stocks that shouldn't be posting gains, betting on sectors that are experiencing tremendous growth, and posting profits that make people take notice.

Friday, November 23, 2007

DDS out @ 18.10 Covered My Shorts :(


Lots of stress for 2%. Okay well 2% over two or three trading days isn't bad. I could have done a lot better IF I would ahve stayed in the stock a lot shorter (yes shorter than two days - one day - should have taken it at 16.50 or 17) and I should not be so optimistic when covering a short by placing an unrealistic limit price on it.

I need a latte, I need to make better profits than a stinking 2%. I need the success of PBR or NOV.

Like I said I am considering going long on this stock now that I have seen it test this low so effectively.