Its Over

I have not written in the blog for a week cause (as my wife likes to say) I have been in a real pissy mood. Last friday I owned MI and then on a daily keybar I bought JRCC when it triggered. I kid you not....5 minutes after I bought JRCC the news came out about Goldman sending both stocks into a spiral downwards that didn't seem to ever want to end. Between the 2 stocks after fridays close I was down 1300 bucks. Hoping for a plane flying over the white house event, I held them both into this week and on tuesday I got rid of MI and actually made 120 bucks. Today I sold JRCC and made 265. What looked real shitty in the beginning turned out ok but the stress level was high and I did not initiate any new trades because I wanted to protect capital as much as possible.

Turns out I would have made out very well on my picks this week. AXL, CENX, BID, OLN, PPDI, AGP did well and some of the weekly picks from 2 weeks ago have done really well....SNDK up 8 bucks a share just to name the best one. I am very thankful that I got out of the mess and look forward to trading some weekly fibwits starting monday. As for the rest of the day......why I think I hear a beer calling my name!!!