Finally, I closed my OPTR position today. After a brief spike in morning, OPTR went to 7.50 and was trading sideways. I felt that it could go test yesterday’s low of 7.30 but I did not want to take chance and closed my position for tiny gain. Here are the trades I made with OPTR [...]
Ending my affair with OPTR
November 21st, 2008 · 9 Comments · General
Tags:optr
OPTR – My Trading Teacher
November 21st, 2008 · 7 Comments · General
Finally. Finally, OPTR cracked today. Did my patience paid up? Did I make profit? Here’s what happened: In morning, I was holding 1300 shares at an average price of 7.63. As I had to leave for work at 11, I put a LIMIT order to cover 400 shares at 7.30, trying to lock in some [...]
Will my patience pay up?
November 20th, 2008 · 6 Comments · General
Today, OPTR conformed to the statistics I discussed yesterday. It didn’t have 5th GREEN day and finally went RED. OPTR gap downed at 8.50, went as low as 8.09 and finally closing at 8.29. This is as per my expectations. If you read my earlier post, I wrote that OPTR will go higher on Monday [...]
Waiting Patiently.
November 19th, 2008 · 3 Comments · General
Well, nothing much to report actually. When OPTR reached 8.18 from 8.50, I thought it will finally crack up. But nope, it has some amazing support above 8$. All day along, OPTR kept touching 8.50 and then down, and touching 8.50 again. 15 minutes in to the close, it moved past 8.50 and closed at [...]
My Biggest Loser?
November 18th, 2008 · No Comments · General
OPTR – My friend and My enemy. I was up by 384$ on Wednesday EOD on my short position and since then OPTR has been rising, reaching for the moon. I kept shorting it, it kept moving up. Today, I am down by 1040$ on my OPTR position. I still didn’t close it today. As [...]