Bought CENX @ $6.71
By admin on May 19, 2009 in buys
I just bought CENX @ $6.71 because it’s shown some additional strength since showing up on my screener earlier.
I am nervous about this play* but I feel reasonably confident, all things considered.
I am in on margin on this one so my risk is doubled (but of course so is my potential gain.)
*I’m always nervous.
I was originally set to buy it at $6.66 (you know, some of that Satan worshipping deal) but it jumped on me and I didn’t want to make the mistake of haggling over pennies again while it was jumping up - but of course now the opposite happened, it’s back down to $6.66 now. Argh!
admin | May 19, 2009 | Reply
It’s dipped off my screener a couple of times and it seems to reappear when it hits $6.48 or so… so I guess that would have been the perfect entry point. But I’m in at $6.71 and I’m not going to jump ship just yet…
The % loss is just 3% and I think that’s too quick to get knocked out. Of course I’m really down 6% because of margin…
admin | May 19, 2009 | Reply
Closed at $6.50 … obviously this didn’t go quite how I was hoping… but I think there’s a very good shot it pops tomorrow morning. If it doesn’t then I’ll probably get out.
admin | May 19, 2009 | Reply