daytrade diaries.. thursday, page-5

Morning all.... no surprises today! The fall in the DOW as described above - was and is necessary.

I played a swing trade yesterday in GDN between 20 and 20.5 only to buy back at 20, and hoping for the same today, although judging by the depth I'm probably tempting fate. I doubt there will be much of a impact on GDN today and if 21 gets chewed, might be time to stop with this game plan.

Clearly at this stage CXY and CUE are set to open higher - still warrant caution based on market conditions.

For the most part, I usually my place orders well below current prices in expectation of dips like today. This strategy today includes ADY at 2.9, URL around the 2 level, CFU if it can get back to around 10, HFA, CVN, MEL closer to the 60 or lower mark, NDO around 17 + Uranium plays (WHE, ACB, ARU, THX, MTN). Not so worried about the oil stocks as the price only dipped by 83 cents last night > STX, INP, OEX.... I actually like the formation of the oil stocks of late!

So, despite a down day, looking forward to taking my profit in DLS at 2.9, buying a few bargains and after a good week so far, quite chirpy! Have a good one!

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