I didn't get to post yesterday's practice-trades in MCP until now. I got to the computer after 1:00 pm yesterday and shorted into a huge upday in MCP to take advantage of a reversal area at 1:35-ish. Also, at days end I saw an opportunity to short for a profit-taking breakdown. It didn't come so I held overnight and was rewarded this morning. I didn't get an opportunity to cover at the 10:00 am bottom because I couldn't sign on to my platform until after 10:30 EST. I expect it to break down more, though one can never be too sure. Certainly not sure enough to hold a short for a long swing-period! I don't know enough about the fundamentals of the recent bid for Molycorp to risk a longer term hold on a stock that ran up the amount it did yesterday.
To RK: I received your comment on my recent post and I checked out your blog. I can't honor your request to follow it for two reasons: 1) I do not follow blogs except one; bankrobbertrades.blogspot.com and 2) I don't affiliate "pump & promotion sites." I'm not into it. Sorry. Thanks for stopping by.
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