Friday, January 30, 2009

20090130 1005, DRYS

DJIA 8,116.03 -32.98
NASDAQ 1,502.83 -5.01
SP500 841.17 -3.97
Silver and gold walking higher.
Market opened up on news and is now trading down. Terrible market action puts the risk to the downside to November 21 2008 lows and potentially further down.

DRYS 7.5 -1.06. Previous close 8.56. Order to cover short at 8.12 was executed after opening. Day low so far is 7.25, so there may be a tradeable intra-day bounce. After covering I checked if shares were available to short, and the broker had none.
BGZ 66.29 +.79. Long of this triple short at 66.21. Opened below previous close and has moved higher. Day range 63.89 - 66.76.

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