Market is having a rally today led by basic materials. AMZN is strong, almost assuming leadership in nasdaq recently.
Sell off began in the afternoon session after a stalling phase failing to attack 2600, triggered by Greenspan's comment about Chinese stock market. AMZN had quite a show today.
Cleared margin, raised cash and sold MR at 28.2, and FMCN at 42.9.
I am still frustrated about my skills in setting appropriate selling rules and sticking to them. I sold MR and FMCN because I was fearful of the market consolidation and wanted to lock my gains, not because I changed my views of their foundamentals.
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