Today was a choppy day in the market where the bears came out to test the market in the AM only to have the bulls come back swinging later in the day. As I said in my earlier posts, "BUY THE DIPS, SELL THE RIPS!!!" SLM held up nicely today and closed above $11, and I plan to hold this one for a further move up. Along with that, I added to the MPG downgrade. The downgrade that pushed MPG down seemed more like manipulation than anything else. As for my other positions, everything held up nicely and things are looking good going into tomorrow.
On a side note, did you see AMZN on earnings!!! I was sitting and watching it but since I didn't have enough capital left to fund the trade, I sat on the sidelines and watched it rocket up! Too bad I didn't take it, but then and again, there are always other trades. See you all tomorrow!
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