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Diary of A Day Trader© May 16, 2011 "Coffee Cups Tipping, Time For Tea...GAPTQ That Is, and VRNI and IXGT From This A.M. Are Rocking"

May 16, 2011 3:18 PM ET
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Coffee plays popped then dropped. Now's the most dangerous time to open positions in these crazy sector movers. Tried to play the JAMN bounce, got in too early, took a loss, played it again, pulled even.

Had awesome luck today with VRNI and IXGT. Traded in and out of my old girlfriend STVI for a few hundies.

Some nice pop then accumulation in the post-coffee sympathy play GAPTQ.  I expect more this week.

Market's are down but the trading is sweet.

Send me a message with questions. In the meantime, review a few of my past instablogs...then become a follower.

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