Tuesday, August 4, 2009

SPF & the casinos (LVS, MGM, & WYNN)

Still testing intra-day trades and moving away from swing trading.

Stalked SPF all morning watched it drop precipitously in the open stabilize around $3.60 and fall until it found real support around $3.50 and begin it's slow ascent. Waited until it broke $3.60 and picked up a small 100 lot and released at $3.72 for a .10¢ gain.

So busy watching this home builder that I completely missed the huge move up in the casinos...

Market just doesn't want to quit... "The trend is your friend"

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