Monday, February 02, 2009

20090202 1005, TNH

DJIA 7,910.06 -90.80
NASDAQ 1,472.84 -3.58
SP500 816.59 -9.29
Markets gapped down. Looking for markets to stabilize intraday and potentially close up. If selling pressure was used up at the open, then not looking for a further sell-off today.

SDS 82.91 +1.87. Had a small long position from last week and closed it for a gain this morning.
JAVA 4.33 +.17. Bought this morning for a scalp.

DRYS 5.10 -1.53. Continues to gap down and sell off. Lesson is that if short a broken stock and markets are weak, then either stay short or possibly close the short in pieces. On the other hand, in this market it is important to take profits...

TNH 126.47 +3.98. 12% dividend. Moving up to September 2008 prices. Ten months ago was at 171.

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