Tuesday, May 20, 2014

Closed: EMES, JWN Catching falling knives without getting cut.

I opened two falling knives on Friday one to the upside (JWN shorted) and one to the downside EMES (bought)

Both worked fantastic.  EMES closed after one day + $6.55 points  and JWN covered for a $1.83 gain.Both probably will go more in their respective directions-- but  the trick to catching knives is let them go before they get another chance to cut.

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