The Ambitious Trader: Stocks, Trading, Investing..My Ambitions as a Trader and Investor

This is a one way ticket that takes you on a wonderful journey into the vast world that is the stock market through my eyes, my point of view.

Friday, December 02, 2005

What I'm trading...


Hey folks,


So what am I trading? Well I cashed in a small position on CSU at roughly around 10.70 (bought at 9.30 range) for a 15% return.

Also I'm putting my money where my mouth is and decided to finally call a short on Hanson Natural (HANS). Nothing against the company, but I don't like their beverages (especially the regular Hanson drinks). I think they are way over extended. I know I called the short too early the 1st time, but now its for real. I actually shorted a small position at the 82.50 level(if the short fails, lets hope it doesn't jump to 90, lol). I expect this monster to come down a litte bit. We'll see.

Also, I put a short on OVTI at the 22.20 range. I think the run up is over done. Plus also with the stock over a +20% increase, its bound to drop a few points. Of course this is going to be a quick short trade.

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