Missed STEC (STEC) Purchase by 23 cents

Just missed on our limit order of STEC (STEC) - the low of the day yesterday was $28.48 and our limit buy was $28.25. [Sep 18, 2009: Will STEC Fill its Gap?] Today the stock is back in the low $30.00s; looks like $28.50 was the magic number in this case. I would expect if it gets back to $33ish for bears to pounce - will be interesting.


I also had a buy limit order in Fuel Systems Solutions (FSYS) at $31.25, fell to $32.88 yesterday... up 10% today. Grrr...


For the overall market, its a very simple binary world right now. If the dollar is down, risk assets rise across the world. If the dollar is up, risk assets stagnate (or once in a blue moon fall). With all these PhDs programming quant programs you'd think they'd come up with something a bit more sophisticated than that, but really that is all the market has turned into... an "and if" statement. How lame.

Talk about an ugly chart:



No positions