Thursday, August 11, 2011

The end of the day report......

XIV up roughly 4%
MGM up roughly 4%

We know...should have taken the profits before the close. I like our prices. We expected a sell-off going into the close. Why did you not sell then? Because we have good "base prices". , We may lose our profits or not. The point is that we are trying to establish a "Beach Head". It gives us a point of reference. This is crucial in setting up for max profits. We committed a fair amount of capital; yet, we want to see some stability before we send in all the troops.

Our bases are tentative...yet we hold off....Meat Grinder Rules.......