Don's openings and more for 2005

Good relief, after 4 consequtive losing days. First up day net of 1100. 6 winnners and 3 losers. Still in the hole of almost 2 G for the week. But I'll take any positive result today.

 

Good Monday +$400....back to where I like to be on a daily basis. I did add stocks, now using 12 to hopefully get 4-5 fills per day. 5 today, 4 winners, 1 loser (hpq)....


Don

 

11 fills / 1000 each

8 short / 3 long +652.00

- .35 / + 1.15 %

7 wins / 4 losers

no indications today...index arb there in spades but could not play....

 

Good Monday: 4 winners, 2 loser and 3 flats, net of 1100
I also did not get the Pre Market Indicators on my quotes, maybe exchange had problem broadcasting them this am

 

i was told it was SIAC... how convenient for the NYSE specs...

 

3 short fills, 2 wins erased by the loser, -5

 

3 fills, 3 winners +$300.

Don

 

1 fill 1 short -2.00

-.75 / +.75 %

nuff said....

 

2 long fills, 1 win, +90

 

Geez...I added MCD to the list, and it was the only fill this morning...I sell it at 33.45 - he then prints 33.60, and proceeds to run it up to 33.90...now normally I would sell some more, but decided to be prudent (and check the news....something about toys and happy meals, LOL)....so I hold for a bit, end up losing $100 (glad to do that).....now it's back below the opening (it's 10:15 now...past my "attention span")....oh well, not too bad.

Note to you new guys...I have answered 4 or 5 PM's (glad to do it) about the strategy....just a reminder that you can search back 2 or 3 years, and there are several posts that go into more detail about the concept.

Here is one of my responses, just to keep it simple:

If you search on ET, going back a few years, you’ll find the details of the strategy, and considerable “adaptation” – but, in a nutshell, we take the spot price of the S&P and add (or subtract) FV for that day and come up with where the futures “should” open (parity). We then see where the futures are actually trading, and determine what percentage the overall market is going to open either up or down that morning. We multiply that same percentage times each and every stock to determine where they “should” open….we then envelope that FV price (based on current volatility, etc.) and enter buys and sells for all the stocks (this usually requires a $million or more in buying power, but well worth it). Since the Specialist is receiving orders all night, he may very well open the stock higher than our offer, or lower than our bid, and we are entitled to that price…and we know for sure that we traded “with” the Specialist (not against him, based on the NYSE rules)….we then take our profits using slingshot orders for a portion, and then “ride” for additional profits with the remaining shares.

Don