Tuesday, June 2, 2009

Day:... 5?

Sorry, I missed a day! Monday was pretty hectic on the old market, things were really up and down, but I also went out to chill with a buddy right after the markets closed, so I didn't feel like I had time to update.

I didn't do much active trading today compared to yesterday or any of the days before, because the market is still rallying and according to RSI readings, everything is really overbought, so I am going to stand-pat until things settle.

The few moves I did make was a sale of China Precision Steel CPSL, Citigroup C, and the remaining shares I have of Pulte PHM.

All were gains over yesterday, except the C, which I sold right at the beginning of the day before it totally tanked. I think financial stocks look really weak overall, and I was actually able to make a few bucks playing FAZ the other day.

I mean, what is all this excitement in financials based on? The fact they aren't going bankrupt? That's the new bar? I think I'll steer clear a while.

Still holding:

CTIC

DSCO

Now holding:

HNAB

So far this has been my worst day as far as trading goes. I haven't taken any real losses, but all my remaining holdings are down on the day. However, I think that's only the beginning. Stocks are overbought on the whole, and I have a feeling I am going to be holding what I have left for the long-haul.



In library related news, I didn't get the Seattle Public Library job. :( That's really disappointing for me, but I guess I just didn't have that "IT" factor for an adult services position. That's fine, I definitely have my short-comings - and I'll keep doing my best to improve on 'em.

On to the next job app.!

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