A 70k bet that I can't make a 50% gain in 2009

6/2/09:

3:31 1000 LM SHORT 22.44
STOP 22.64
TGT 22.04

 

3:39 1000 LM EXIT 22.64
P/L -215.60

 

3:59 1200 KLAC EXIT 27.84
P/L +105.44

 

6/2/09:

Total P/L -356.37
3 wins
6 losses
1 b/e


* SKF went to tgt, but I held out looking for a bigger gain because tgt would only yield $360 before comm's. What a mistake that was....exited b/e.

 

LOL..I had no clue news was coming out. Jeg can tell you what I watch most of the trading day.

 

6/3/09:

WED. WATCHLIST

SHORTS: aapl amzn brcm celg fisv rig lm

* If AMZN opens with a gap down, I will look to short any rally.

 

6/3/09:

9:52 1000 LM SHORT 22.20
STOP 22.40
TGT 21.80

 

Aggressive on the short side again. Cool.

 

10:10 1000 LM EXIT 22.40
P/L -217.32

 

I like that setup on AMZN. Just shorted it at 84.72, using a stop just above 85.00. Thanks for the idea!