Monday, October 09, 2006

3 for 3 with United States Steel Corporation (Public, NYSE:X)


I'm 3 for 3 on Us Steel Corp (X). I took a low risk entry on this morning's gap up. I sold into strength at $64.00. This afternoon, I will be watching it for a potential low risk entry on a pullback.

I tried to short AKAM at $51.50 shortly after the open but there were no shares available to short through my broker (IB). The first test of the pre-market low at $50.50 held as support. Since I can't short, I'm looking for a low risk long and a potential short squeeze.

P.S. It's nice to be trading from home for a change.

2 comments:

Anonymous said...

Hi Jamie,
Which are the fib extension levels that u commonly use?

Thanks & good trade!

The WHY-Trader

Jamie said...

Hi WHY,

I follow Trader-X's methodology when it comes to Fib. - 50, 100, 150.