Stock Trading Plan for July 11, 2007
So, I look at the market midday and it is going so-so. Nothing much just hanging around there lethargically. And what a shock I got when I saw it in the morning. It all came tumbling down. And alongwith it I got 18 open short positions on my hands. Shudder. Very high exposure to real estate sector. But, so it is and I am going to stick with it. Some of the superstars for today missed a fill on the IB paper trade account (CUZ, DFR, NEXC). In any case, lets see how it goes from here. All the indices were down. Do we see a bounce? Or some follow through? I don’t think the drop was that steep to warrant a relief bounce and we are likely to see some more downside action. At least I hope so for my ~20 short positions. LOL.
Mood towards market: Quite upbeat, since I got so many open positions with the shorts. Lets see how it fares if we get a bounce tomorrow. It will all suddenly change and take me to pensive 
