Sunday, October 01, 2006

HAG: A little too much

Ok. So yesterday I decide that HAG needs to make some riskier buys. I wanted it to capture the anxiety effect in the most volatile issues. Immediately, the plan backfired. Thursday's buy of Presstek was down 20% at the open on Friday. Turns out, lots of people were scared for a reason. System HAG normally never wants to buy anything on first day that it trades with extreme volume. I relaxed that rule and was immediately burned.

By the close, the loss was cut to only 14%, and hopefully the gap closes further on Monday.

HAG also buys TOA at the close on Friday, and holds the GIGM purchase from Thursday.

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