CHESSNOID

If you were long in the stock markets, today was a wonderful day.  This rally seemed to be based on positive news from Citicorp that it may have earnings instead of losses.  All the bank stocks seemed to rally.  Overall the markets jumped and pretty much every stock with it.

The stock markets were due a bounce considering it has been oversold for the past 2 weeks. At least that is the way it looks like to me. I didn’t participate in this rally and continue to sit on the sidelines in cash.

I did play the updown simulation game and bought Citicrop and Bank of America long yesterday along with some other financial ETFs and made a 25% return in one day.  My account zoomed up over $300,000 and now I am in the top 100 and #14 in the March 2009 contest with a 36% return.  I want to break into the top 5 and took an aggressive step today in the last hour and decided to short the same stocks that zoomed up today for me.  Tomorrow if it reverses course, I will sell into the market again.

It’s free to play and a good tool to learn how to trade.  If you are any good, then you can make some money with $500 for first place.

Chessnoid’s Updown standing

14 (you!)	moved up 436 slots	CHESSNOID	36.26%