out +0.3 9:52 LONG SNDK 42.25 STOP 41.99 TGT 42.72 (this was a little adventageous but the stock was on fire) out -0.29 10:17 SHORT AMGN 55.34 STOP 55.43 TGT 55.16
<img src="http://puddles.humanfund.ca/20101105/spy.png"> <img src="http://puddles.humanfund.ca/20101105/rimm.png"> <img src="http://puddles.humanfund.ca/20101105/sndk.png"> <img src="http://puddles.humanfund.ca/20101105/amgn.png"> <img src="http://puddles.humanfund.ca/20101105/grmn.png"> 9:41 (2min play) SHORT RIMM 55.59 STOP 55.74 TGT 55.29 - SPY gap up - RIMM gap down and continued weakness - out +0.3 9:52 (2min play) LONG SNDK 42.25 STOP 41.99 TGT 42.72 - SPY gap up and go for 10 minutes then pull back for 10 minutes - SNDK ripping for 20 minutes - Get long over the higher low with SPY turning - Use below the low of the entry bar as the stop - out -0.29 10:17 SHORT AMGN 55.34 STOP 55.43 TGT 55.16 - Weak from the open vs a gapped up and green SPY - Short under the perfect lower high - out +0.16 10:41 SHORT GRMN 31.24 STOP 31.31 TGT 31.10 - Fundamentally I'm very bearish on this company as I don't understand how a large part of it's business will not continue to be eroded to virtually 0% market share by smartphones. (I'm posting this in my journal so I can look back on this a few years and see if I got this right) - SPY very strong from 10am onward - GRMN making new lows and holding in a very tight range - Short the break - out +0.12 Nice set of posted trades to end a horrible week. I took another setup in the afternoon (I don't post that style) which I played all wrong and wiped out todays profits. I knew I shouldn't have returned form lunch and just kept drinking instead.. 7-15 Week/Month. http://puddles.humanfund.ca/wp/2010/11/05/2010-11-05-trades/
10:12 SHORT MCO 27.8 STOP 27.87 out -0.1 10:22 LONG HAL 32.73 STOP 32.63 TGT 32.93 stop to b/e on this one