Monday, April 11, 2011

My best ideas for Tuesday...


I made one trade today which essentially ended as flat in $UCBI. I got long @ $2.48 just after the stock had attempted to breakout of the $2.50 level for the first time thinking that it would spike higher the second time around. It did spike but did not get very far and started fading. In addition the markets were very weak at the time and it felt like $UCBI could come crashing down at any moment. So I stopped out at about the price I got in and went back to 100% cash. I can't say I am confident being long at the moment give the weakness in the over all markets.


Good luck and good trading!

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