Thursday 21 December 2006

Its been a tough trading day the last couple of days. Two of the stocks I was long on have been downgraded and have taken a hit. They may recover but I am not taking any more chances so have closed one of the positions out.

Another stock I was VERY bearish on had a major uprating due to being considered the sole bidder for a large trading contract. I was bearish because of some problems they were having with their power plants. The stock moved up 25% then fell 10% on the bad news I was expecting. Big loss wiped out most of the years gains.

You wonder some times if it is all worth it but hey, gotta keep fighting !!

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