Covering short position on UAUA at $37.16
May still go lower but want to lock in the good gains on this
Holding my shorts open
August 15, 2007 By
The UAUA and CAT shorts worked beautifully. The charts told us to go short and they do not lie.
I am holding my shorts overnight. If you on the other hand want to take your profits here I would understand. I will hold mine and see what the morning brings. If there is any sign of a pop tomorrow in the morning then I will pull up my shorts and cover my behind.
The ultra short on the Russell MidCap is also doing well. I will hold that overnight also.
Some good profits for the Rebeltrader portfolio today.
P.s.: please remember to vote for my charts on stockcharts.com , and vote once every day .. Many thanks!!
Chuck
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Another Short play
August 15, 2007 By
Just got an alert on UAUA. Broke below 200MA.
I will enter a 1/2 swing short on move below $39.80. My Stop Loss for this short will be $42.50
Am a little nervous here this morning. The overall trading volume is weak. Market really can’t decide where it wants to go. Taking a long or a short these days is risky but I am going to go by the charts
