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 !!
Thursday, 21 December 2006
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