Tuesday, March 04, 2008

Trade Update: SPY, ICLR, DECK

I bought 200 shares of SSO at $65.84. For those that didn't read last night's post, this trade is based on the oversold stochastic strategy. Not sure if I am in too early, as the read line is still above 20. However, the black line, which I focus on, is at 14. I used SSO instead of SPY for the added volatility, as it is 2 times long the S&P 500.

I bought 200 shares of ICLR at $67.35. This is an earnings breakout-pullback play.

I covered half my DECK short position (100 shares) at $103.14 (entry at $118.04) for a $1409 (+12.6%). I still am short 100 shares.

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