Pretty steady betty open today as the ma…
Pretty steady betty open today as the market needs more of a catalyst than a meaningless S&P downgrade of some irrelevant country in Europe that speaks Portugese. One of the things we have to do as traders is deal with missed opportunities. I’ve been all over the web and in my reports (you Trading With Cody subscribers can access it free here: 20 Trades to Save Your Portfolio) saying that AONE, an alternative energy company that’s likely to end up a zero, IMHO, is a great short idea. That stock is down 11% today, on top of the 10% it’s already fallen since I started re-building my portfolio. And I feel like an idiot for not having gotten any of the stock on my sheets as a short yet. I’ve been here before, as all traders have, and because I do think this company will run out of money in coming quarters and that the stock is going to end up basically worthless at some point, I will look to borrow some shares to sell short on future rallies in the name and sector. Other than that, the most noteworthy item at the open is that the telecom infrastructure stocks like Riverbed and Ciena are getting back the 2-3% that they lost yesterday. Stay tuned for a new name today.
