Missing the train

Unloaded my IMAX position, finally. Amazing how much selling pressure is involved, probably because of the heavy insider selling of late. Never mind that Iron Man 2 is raking in huge boatloads of cash. I missed the sell above 19, thinking that the weekend revenues would stabilize this flimsy stock. But no, it kept trickling down and I got out at 18.42.

It's a gain for the day, but overall, a big loss (20.28 entry) that started as an overnight trade gone bad. I'm just glad to be out. This sucker (not me) is going to face walls of opposition for a long time to come, unfortunately. That's what happens when employees and execs are selling shares like crazy.

Traded in and out of VXX quickly, twice. Eyeballed it at 24.95, decided not to buy (twice) as it hovered ... then bought after it ran above 25.50. Two tiny losses. The market is up huge, but there isn't substantial strength in a bullish sense. Just about every stock is down significantly from it's gap open. The rest of this week will be interesting, if slow. If financials really come back (again), I'm catching a ride. Otherwise, I'm hedging.