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Friday, May 8, 2009

Day Trading Post #42

This is one hell of a week!!!! Yesterday, we saw the market sell off a bit which was healthy for the market, and we came back down to about 900 on the S&P cash. Today, we are back up around 920. I was a little nervous about some of my trades so I locked in RACK and KFT. Other than that I held AXL, PCX, CNO, and HW overnight.

With that said.... AXL!!!! That's all I have to say!!! WOW what a Grand Slam that was!!! I limited out 300 shares at $3.40 and then my last 200 shares at $3.60 and I am not looking back. (Okay, I've glanced back and its up to $4.60 right now.... Would have, could have, should have held... but profit is profit and a return of 271% is nothing to complain about!!!)

My other positions are holding up nicely!

I haven't taken any day trades today because I've been too busy watching my swing trades!

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