ETFTraderFriends

Opened up shorts on ADBE
$63.45-$63.50

 

Covered ADBE $60.55-$60.65 +high $2's/$3

 

Swung long $60.55 avg (with only 1/2 of what I was playing originally - for you money management freaks)

 

I'm still short ADBE. Sometime you just need patience and big balls.

 

Hi Alex,

are you still short your 16,000 pieces?

 

We have made $1.89 per share on 16,000 shares. I'm out at $59.90 average.

 

What a joke. Even if you end up making money on it (and you're still not in the money), it is an awful trade. You shorted ADBE below 59 and the stock ran above 64....and you continued to hold it. Terrible.

 

Congrats, IMHO nice start in 2005.

Best wishes.

 

My performance for 2004 is still triple digit. IMHO such awful trades are part of my strategy. Have done about 20,000 trades in 2004, most in the derivative arena.

Peace.

 

I have been following heilbronner's trades for quite some time now. I am a professional in this business and his performance looks pretty good to me! He has been averaging 10 -12 % a month if I am not mistaken. I don't see too often this kind of performance and consistency.

My advise to you is analyze first and judge later.