Trade setups that produce $1 to $6 moves. Investment ideas and general market trends. Remember the "Market" doesn't care what Santa thinks of you.
Friday, December 21, 2007
Merry Christmas
I had a difficult week my timing was off, however no damage to the account LRCX (-1.40) was my big loser, Today I shorted some RIMM but changed my trigger after my initial settings and stopped out for a dime + (hehehe) the trade would have worked without the last minute fine tuning, , hesitated on the CELG bounce so I didnt buy, and then went and did some final Christmas shopping. Got stopped out of CY breakeven a couple days ago, Caught some of the ORCL move afterhours a couple days ago, caught a tiny move in FLML today, still holding EMC, WU, CRDC, DISH. The action was strong and most of it should hold through the morning of the 26th, I will re-evaluate at that time. Merry Christmas.
Early
I'm in the camp that believes we will see a rally of some size today. However it looks to me like its the same old momentum favorites taking the early lead premarket.
WU
EMC
long with stops
Watching, T, KNDL it may be late, CELG, SGR among others
WU
EMC
long with stops
Watching, T, KNDL it may be late, CELG, SGR among others
Thursday, December 20, 2007
Mixed trading
Thinning volume on the major indicies will make for sharp moves on select stocks. Looks like we will see a positive move after the open but will it hold. Most likely another mixed day. Keep your stops on and Good Luck
Wednesday, December 19, 2007
Who knows for sure
The market as of late has been giving very quick time frames to take very small profits, more sellers then buyers. Well let's see what happens here
LRCX
That LRCX trade , WHAT A DISASTER, it went through the 43.43 level like a knife through butter. all out.
Stock review
LRCX doesn't look very good for a bounce
CY should have taken my dollar out of it.
WU showing something
CRDC biding time
CY should have taken my dollar out of it.
WU showing something
CRDC biding time
Tuesday, December 18, 2007
Some moves
Added a small slice of CRDC @8.90
Added some WU @ 22.58
Started a position in CY, no technical evaluation was used just bought it @ 34.69
Added some WU @ 22.58
Started a position in CY, no technical evaluation was used just bought it @ 34.69
early review
GS up only 2.50 in premarket off the good numbers, BBY up slightly off good numbers premarket.
I would say just continue to stay out of the market until conditions improve. Daytrades only.
I would say just continue to stay out of the market until conditions improve. Daytrades only.
Monday, December 17, 2007
Review
What a miserable day. Yes I had ISRG short off the 319 level but covered it rather then lose money. Need I say more, NO but I will, held LRCX and when I returned it was still going down. Held WU from Friday., and added yet another tiny piece of CRDC @ 9.22. It looks as though the market may continue lower. Oh yeah lost 60% of my DISH today. Good Luck.
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