Thursday, March 6, 2008

While you were asleep, JOYG back above 70

They reported earnings. Stock up 6% today.

Just live and learn. We've left some money on the table with TWM up almost 3 points today. But have to stick with your plan. Think about legging into to whatever trade you see in about two weeks.

We can only guess at what the market reaction for tomorrow's jobs reports. I'm guessing we closed because we were afraid of a "bogus" positive spin on the report could wipeout the TWM move. You won't go broke taking 4 point profits, but you also won't get rich leaving another 3 points on the table.

Market averages down 1% across the board at moment.

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