Friday morning

Was stopped out of NYX @88.12
Sold my BP @ 63.64

Thoughts

Let me expand on what I see in the IYR it looks as though resistance is at the 89.00 level if it makes it through that it will violate the short setup for now.

SIRF well if it sticks this level too long the gravity may take it down.

INTC this is a slow mover and without some catalyst it may trend down 75 cents.

DIVX looks as though the character of this stock may be changing, it's very loaded up with bears and I don't expect an easy resolution to it.

Just watching

There were some nice moves in JOYG and VMC today.
I've got my eye on the IYR for a move, maybe to the downside.


I waited until the close to start a position in NYX @ 87.10.

Positive reaction to the fed

Well still holding the same as i was the past week.


Did add to my long term portfolio which i don't referance to on this blog usually. added DIVX to my exsisting shares @ 18.69.

I'm going to look towards stocks like VIP, NYX, VMC, VSEA ,WFR over the next week.

Market day

Well I'm leaving early today I might put in 3 hours, I'm anticipating that not a whole lot will happen today in front of the fed, so it's wait and see time.

NVEC popped on some patent news, LEND is up on some buyout news in the subprime sector.

Market

There isn't much happening under the tracking indexes, Looks like a bit of short covering.


Well i may have jumped early today on SIRF, in with a starting position @28.25

Correction

Sirf .13 trailing stop set at 27.67

Bearisky

Most bullish setups have been failing all week, yes that's frustrating. Most bearish setups aren't offering up much either. Time frames are very short for trades. I don't want to start building up positions here i believe there are better setups on the way. I'm 33% cash but wish it was more.

Set a trailing stop of .13 when SIRF was at 24.67 was stopped out in short order.

Still holding BP, INTC, DIVX

This market is for daytrading, eh? Wow did you check LEND, I was watching since yesterday afterhours , why didn't i trade it? I DON'T KNOW! The market is not giving clear signals currently seems very random.

Anyways Upon logging into my brokerage account this morning the first thing i noticed was that i still had a 100 shares of DIVX, wtf. Must have set stop quickly as i was in a hurry to leave yesterday morning. So i added 150 shares of DIVX @ 19.47, i would have sold but instead i just followed it throughout the day i have had some good successes trading DIVX.

Bought some SIRF @ 27.00.

Still holding INTC, BP.

Wed the 14th, i knew i would be leaving within the first hour of trading and then still started 15 minutes late anyway stx breakeven stop out, divx stopped out @20., nvec was intesesting when i fired up the computer it was at 26.30 ish but by the time i filled in the order it cratered to 25.944 so i just set a .26 trailing stop and on the next move was stopped out. more on my next blog.

Whew!

Well the selloff happened right on schedule with the S&P in the 1410 area.

STX pulled back and hit my stop @ 24.16. I jumped back in later in the day with a half position at 23.90.

DIVX moved up early and I set a trailing stop when it was at 20.72 it promptly pulled back and stopped me out, nice pop. Re-entered @20.00 with a 1/3 sized position.

Set a break even stop on ACI when it was at 30.60 it pulled back to 30.00 and hit my stop.

CMED stopped me out early.

Entered a half position in NVEC @25.92


Entered a small position in MPEL for a longer term trade I just want some exposure in that area.

Still holding INTC and BP.

Email Address

QuickHitTrader@hotmail.com

Trade 03/12/07

Well what a day first off got shaken out of AMGN for a loss fortunatly it was a small position.


Jumped on board STX @ 24.20
Doubled up on DIVX @ 19.59
Chased some CMED @ 23.95 , I shouldn't do that.
Jumped in on some ACI @ 29.90 near the close.

Still holding INTC.
Still holding BP.


Watching NVEC, TESS, VLO, SSYS and a few others.

First day posting here so it may take a couple more days to find a nice style of posting hope to include charts at a later date and one i forgot was in BP @ 60.85

Trades today 3/9/07

Sold my QID @ 56.20 , which i bought yesterday for 55.15 nice overnight pop!


Jumped late on AMGN bought today @60.80 this one has a tight stop i will be watching this pre-market monday.


Holdings: in DIVX @ 18.95 with a tight stop
In INTC with tight stop