I took a small "probing" position in SRS (ultrashort real estate) today at $61.55. As noted in a previous post, the bottom of price support is in the $50 range, thus the small position size. Note the extremely oversold the stochastic indicator.
I bought 100 shares of FWLT at $129.26. This is a small feeler position and I will buy more on a pullback into the $125-126 range. To the upside, I will buy more on a break of $135. Note that this is a position trade with a longer time frame than some of my recent... Continue Reading →