May 16, 2008

TRMA - Short

Never sure what to expect on OPEX but I always try to look for opportunities anyway. TRMA presented a couple of nice entry points off the 5-min but my order never triggered (10:45 bar). Then, the 11am bar dropped and closed weak... still below the ORL. Entered off a break of the low and price slowly moved down. I was eying the low of the day as a price target since it was at $32.50. I didn't want to risk profits and just decided to exit just above that point. Overall, a pretty decent day.

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