Wednesday, October 8, 2008

My Bailout

Having been shredded by the ~11am back and forth, I became bound and determined to be in NTRS when it began its inevitable rise back upward. If it were going to go down after I bought it, it would have just collapsed like on the moves that caught me earlier. But this one was different in that the buyers stayed pat on every down move, and the XLF's and regional banks were ticking up too.

Buying on the rebound happened fast, with a sub minute move from 62 to below 60. Within ten minutes the stock was up two points to its highs. Sold too soon on both trades.

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