Friday, July 25, 2014

New buy HYGS (and partial close)

HYGS  Got a great break out today.  Bought at 20.89.   I sold 1/3 my position off at 21.53.  Stop at days low on remaining -- $18.25.  1R. This was a powerful move on a thin stock so there is hopefully a lot more upside..

I'm on the highest margin I have been on all year. My account is also at an all time high.  That being said, I sold out a 1/3 of this position to  reduce my margin exposure as the market has been showing signs of weakness in its breadth and   A lot of my margin is devoted to some short positions to reduce the risk. But still, now is not the time to go all in.  

No comments:

Post a Comment