Even after doing my homework last night, I still did not know WTFaz I was doing this morning. I didn't want it to get away and figured 50.50 would hold - WRONG! Fastest point lost in history. Compounding the mistakes, I dump SRS at 69. I need a good ass whooping.
Thankfully, not all was loss. I ended buying FAZ higher than what I sold and it tanked again - a really shitty way to start the day. But you know what, "Scared money doesn't win." No stops this time and ended up dumping FAZ for 10%.
Still have 100 shares left because of the mar50 covered call sold as insurance. With $9.70 in premium, I am not too woried about it.
Thursday, February 26, 2009
Posted by Unknown at 6:13 PM