Wednesday, January 9, 2008

Staying on the Sidelines

Didn't make any trades but I did have a couple stocks on "the hot seat" which is a watch list I keep of potential buys and I had REXX in it. I didn't trade it though because I wasn't sure how it would react to its chart and it looks to be up about 5% so far.


I also had COIN in my watch list but got rid of it last night because I didn't like how it was in a down trend before it bounced and I'm glad I didn't keep it, down about 9%. I'd say major profit taking.


So, I'll be sitting on the sideline, watching the action and hoping no one is losing money in this down trend.

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