Thursday, May 10, 2007

Review

Today was the only day this week that I've been able to put in a full day.
The market sold off, and tomorrow doesn't look to be that great either, I'm guessing a lot of sell orders will take us down at the open and then some sideways action the rest of the day, again I will be leaving after the first 1 1/2 hours of trading.

LVS will most likely move to the 73.5o range within the next week or so where I may become interested in it.
Watching DRYS for a possible shortsided daytrade.
NYX, looking for a long sided daytrade, looks better at the 81ish level.

MRVL, stops in place
QID, hedge

X

Stopped out 110.35, + $1.87

MRVL

Heavy selling pressure. Looks like a reversal but may just be a fake out, possibly nerves in front of earnings. I'm not exactly sure. Best way to handle this is sell and wait till after earnings. I wish that was what i was going to do.

X

Short some X @ 112.22, i will be quick to cover if it goes against me.
LVS, i did not enter due to my belief that it will be a negative day however i might buy a piece time will tell.

Wednesday, May 9, 2007

LVS

I will be watching LVS tommorow for a possible reversal that may get started.

MRVL

Looks like MRVL received a $23.00 price target. (unconfirmed at this point), chart looks fine.
Breakeven daytrade in X. (countertrend trade).

DIVX

Stopped out of the last 1/3 of position. OUCH!