Thursday, April 17, 2008

Apr 17, POT, FSLR, fakeouts

I covered my POT put around 192-193 around 11:30am, volume was looking heavy and we got OPEX tomorrow. I think a lot of people were sucked into buying POT when it was a close to breaking 200, then sellers came in and droped it over $8 in less than an hour. Similiar action seen in FSLR when the price hit 300.

Covered too soon

The Bounce I was expecting

Sellers came in at 300


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