.80 envelope....3 for 3...+635 (31 cents)..... Looking for year end plays now, should keep me busy for a day or two. Don
When you calculate fair value for you stock? Do you take premarket futures and subtract futures close at 4:00 yesterday to get a percentage to use for your stocks? I have read through some of your threads, but there seems to be several strategies being used. Thanks. As for me I was filled on four orders on Friday. Was 1-4 but basically flat. Only used 200 shares until i get more comfortable.
Friday 2 shorts BK -.10 opened up again and went up again, waited til it retraced a bit, then jumped out. Could have waited more and got a bit of profit. Dang why can't I just read the future..?? BBY +.25 got about as much as I could expect out of this one.
Monday 12/23 Today was a good day for this strategy. Left a lot of money on the table... but its better than losing money. I had 8 fills so couldn't tape read too much. Covered shorts quickly as I felt the market would bounce and held on to the longs which didn't hurt me too much on the intitial drop in the futures. UTX was nice. Should held C longer. Only traded 300 share positions. will probably go to 400 tomorrow. 6 for 8 $391 net 0.19 per position 1.52 total
I use the Eminis, right near the bell (the latest trade, somewhere around 9:29 NYTime, compare that number with the previous day's close of the Spot price (plus FV). That will give you a percentage up or down to use as the median to envelope your orders around. Good one today, filled on 6, 5 winners (lost in Citigroup)....made $970 (43.5 cents). Good Luck ... Don
Pretty "easy" opening today since everyone on the NYSE was home (at least it feels that way). Filled on 8, profits on 7 (CCU was a bit of a dog). +890 (44.5cents). Have a great Holiday, back to you on the 26th!! Don
The never ending expansion of the Bright Empire continues on all continents.... A remote trading office has recently set up shop in India of all places..... Here we see a Bright remote trader placing a trading call to another Bright office as his computer is currently down.....
Except for the occasional excursion into light and friendly humor, this thread will stay on topic which is the Opening Play. Thanks.
Actually, we're not in India yet....but soon. Cute picture 777, but I still like the "DonKing" of me the best....... I slept in today, our "Bright Family Christmas Poker Game" ran for about 9 hours, but I ended up in 2nd place, behind (who else?) my brother. I netted $1400, from an original field of 12 Poker players. Every family needs a Holiday Tradition....this just happens to be ours. I'll be in for the opening tomorrow. Have a Great New Year's everyone.... Don
Only 1 fill this morning, and I got out too soon, lost $90 ....GE...."Get these Holidays over with!!".... Don