Tuesday, August 29, 2006

Digital River dumped

I sold out of my position of Digital River Inc. (DRIV). I just didn't like the price action. I know IBD says we are still in a confirmed rally but I just don't like all of the failed breakouts I'm seeing all over the place. We need some leadership!

I'm holding onto NGPS for now because it seems to be the only stock showing any strength lately. I'm also watching the steel producers for more short opportunities.

Update: 09/05/06 I'm an idiot and didn't give this one time. My weak hand was shaken out and now it is going up on big volume. Oh well, live and learn.

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