Stopped Out!

For the most part I watched the DOW make a life time high and my account get drained. Stopped out of CAL and FFIV. I really can not believe that the market is this strong, everywhere you look, you see 14 of the last 15 days up or something like that. It is unheard of! So I should have loaded my account with PUTs at the close, but instead, I cried in my bear soup. It is not that I do not think it should not be a strong market, more of, we need a pullback, like 15o points at least.

I was getting all happy as you can see the long tail on FFIV, looking very nice.

I left the puter for a few minutes and the stock was up $2 plus on out of this world volume. Party OVER!

I can not even believe those two charts are from the same day.

So far every chart I have posted has turned out to be a disaster. I would cry some more and say I just can't catch a break, but the truth is, this is the first down day in two weeks and I am still positive for the week. I fully expect tomorrow to be a different story and I will have to be on my toes to keep the account in the black.

I re-entered a trade on JSDA, long. By far my biggest money maker in the last three weeks.

Also bought some calls on JOYG. Hoping that the stock can continue what it started before Feb. 27th came and rained on its bull parade. Short term target of 55. Hopefully volume will follow shortly.

Be back another day and don't spend it until you take it!