Posted by: eminitrader April 19, 2007
Making Money with Eminitrader
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Bri: It was the Amex stuff that I am worried about. If they get de-listed, it could mean trouble. I always play it safe, so I'll get out if it closes below $2.20. I doubled my position today at the close too. So I'm taking about 2/3rd the initial risk with twice the size. Either it goes my way and I'll stay or else I'll exit. There will be plenty of opportunities later. China is taking it on their chin. It is down more than 4% but Nikkei is up 0.5% which is good. If the yen starts appreciating from this point we might see an unwinding of the carry trade, although I do not feel that it will happen because people learnt their lessons last time and are hopefully hedged properly. Tomorrow is options expiration so could be volatile. GOOG beat the numbers so let's see how this plays out.
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