EDGE TRADER

Wednesday, August 24, 2005

Belated Recap

Was away from a bloggable terminal for most of the day. So lots of catching up to do. NFLX worked out fine - love that guy Reed Hastings - at least when his company is making me money, which was today.

STLD gave me a bit of a spanking. When I think of that trade all I can think of is Kevin Bacon on all fours in Animal House saying "Thank you sir may I have another?". Luckily I got out quick before it continued to drop. I then redeployed the capital into a nice setup on EBAY and was able to even up the losses on STLD before the end of the trading day. I breathe a sigh of relief.

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