day traders diaries ... tuesday, page-7

Morning all... As expected we came off with a down DOW.... I made the move to cash and lighened my postions yesterday as discussed, retaining holdings in PRR and GDN making up 50% of my current portfolio. Most of my orde book has been cancelled

Oil > Despite the selling pressure, oil came off only 13 cents. So, still keen on my INP hitting 26.5 (yesterdays high was 26) and STX holding around the 24-2 range. Keen to play OEX sub 17 again.

Watching fr pullbacks in: MEL, HFA, FMS, MLI, FAR, TOE, would be keen if both EHL and SSM came back to high 30's...

So - each trade on it's own merit today. I have cash to buy, but somewhat reluctant to send and will side line until opporutnities are presented.

iPod
ARCHEOLOGIST