Stock Watch 11.25.11 ” Black Friday Trader”
The legendary “Black Friday” is tomorrow. This is a overhyped American tradition where people camp outside of stores all night, trample over each other and get all dramatic just to save a few bucks. One of our finer moments as a society but yet I think we’re all guilty of trying it a few times. On the trading side it’s difficult not to do a little Black Friday value shopping for these oversold stocks. Problem is timing a bottom to this madness is how traders get blasted. I myself have tried a few shots to the long side without success. With Friday being a half day in the market the true action probably wont happen until Monday. Nonetheless, I’ll be swinging for the fences on Friday because you never know.
Wednesday trades YOKU -80 TNA -400 WM -45 YOKU 0 LNG +125 Total -400
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