正文
Mostly on the sell side. The only stock I bought today is PENX@33.70.
Since the market made the bottom on 8/16, we\'ve seen some nice recoveries. But not all the negatives are out yet. So in the next couple of sessions, we may see some mild selling by more nervous investors. I\'m using today\'s runup as an opportunity to raise some cash for the possible 2nd leg down. However, looking at the big picture, I still believe the worst is behind us, at least in the short term. And the market should move higher in the remainder of the year, maybe in a choppy way.
On the trading front, several dry bulk shipping stocks, such as EXM & DRYS, saw bearish reversals. As such I closed my DSX trade with 2 points gain ( in less than a week\'s time).
Since the market made the bottom on 8/16, we\'ve seen some nice recoveries. But not all the negatives are out yet. So in the next couple of sessions, we may see some mild selling by more nervous investors. I\'m using today\'s runup as an opportunity to raise some cash for the possible 2nd leg down. However, looking at the big picture, I still believe the worst is behind us, at least in the short term. And the market should move higher in the remainder of the year, maybe in a choppy way.
On the trading front, several dry bulk shipping stocks, such as EXM & DRYS, saw bearish reversals. As such I closed my DSX trade with 2 points gain ( in less than a week\'s time).
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