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Robert Weinstein

Registered: May 2002
Posts: 3849

05-09-08 10:05 PM

I added to the SYNA short today. I also did some day trading.

I also sold 4 of the UAUA covered stock but did not close out the options. I am naked on 4 of the options. Now have 41 UAUA and 45 of the May 15 calls

Holding to the following Shorts from yesterdays swings

BP
CVX
MIR
SYNA

Now short 64 ATVI @ 31.18

Closed out:
+ 266 for the day
+ 5535 for the week
+ 7474 for the month
+ 46438 for the year

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Robert Weinstein

Registered: May 2002
Posts: 3849

05-10-08 12:52 AM

Day trades for 5/9/08

SGMS +325
MRX +578
VRX + 144

Difference between the profit on these day trades and the day result is the selling of 4 UAUA at a loss.

No blotter as I needed to leave work right at the closing bell and new home computer doesnt have the picture program loaded yet.

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Willleung

Registered: Jun 2006
Posts: 1098

05-12-08 07:47 AM

Quote from 1Reason:

Day trades for 5/9/08

SGMS +325
MRX +578
VRX + 144

Difference between the profit on these day trades and the day result is the selling of 4 UAUA at a loss.

No blotter as I needed to leave work right at the closing bell and new home computer doesnt have the picture program loaded yet.

Hi Bob,

Just one bum day on a Friday, it's alright, let's go for gold this week

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Capablanca

Registered: Apr 2005
Posts: 473

05-12-08 09:11 AM

So are you daytrading or swing trading? Are your basic methods any different when doing one or the other?

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c.chugani

Registered: Aug 2006
Posts: 318

05-12-08 09:58 AM

Quote from 1Reason:

MIR earnings report came out today and while I didn't see the jump that would have finished off the trend in a great way

I am happy that its still set up to short.
First level shorts placed.

Shorted MIR @ 40.08 and covered with June 37.50 puts @ .65

sorry for my noobishness,

but I get it that you sold the stock short @ 40.08 and sold puts with 37.50 strike.

So 37.50 is your target for the trade (if stock falls below this price, the puts would be exercise and you would be obliged to buy back MIR at 37.50).

In the scenario that MIR rallies and the puts expire worthless (ie. your gain) where would you place the stop on the short stock position?

Thanks for clarifying.

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Robert Weinstein

Registered: May 2002
Posts: 3849

05-12-08 02:33 PM

Quote from Willleung:

Hi Bob,

Just one bum day on a Friday, it's alright, let's go for gold this week

Thanks Willie, totally agree. GOLD week this week every day !!!

thanks

Bob

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