Tuesday, July 15, 2008
VPHM: No "Capitol" At Risk...LOL.
(Click On Chart To Enlarge)
"This "Melf elf" guy is just on the wrong side of the trade with no capitol at risk, trying to drum up business."
I received that message today on the UYG Message Board. LOL. I shorted VPHM yesterday at 12.10, on what I thought was a Wolfe Wave 5 upside fakeout. It was.
If I had known that I would get this pitiful challenge, I would have printed the entry, but I've printed the "Buy To Cover" from this morning between 10.65-10.69 ahead of the Wolfe Wave target since VPHM had such a huge drop at the open. Gain: $3,500.00+
Why do I bother? Anybody see me trying to "drum up business?" Sigh...
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