Wednesday, November 19, 2008

C

tried shorting some C at 7.89...after it retraced it's break on lows...thought it would continue it's decline. But it turned out to be a short squeeze!! so i got out immediately and took a $7 loss immediately upon break of down trendline....made a double bottom on 1-min time frame...buying volume started poking up... that was close...now it's trading at 8.30..

Did what I had to do. Taking losses immediately and admitting that I'm wrong.