Monday, April 20, 2009

AMR


I usually try not to flow against the stream, but AMR sat around the same price all day. Most of the market was lead downwards due to BAC's earnings/forecast. Both AMR and UAUA dropped a decent amount early on in the session and then leveled. I was in cash until 1215 est due to work, and I could not step away ( I know I missed the large early morning downside movement $$$). I felt at some point if I bought in the market would move slightly up. Well it did. It moved 16 cents in my favor.

I bought 4000 at 5.69 (yes, i got the bad end of the market order). I sat on it until the ticker hit 5.86, and I was out of the market at 5.85. I am happy with this small intraday scalp.

R

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