RIDICULOUS!! Investors dumped stocks following disappointing results from General Electric (GE) and Yahoo Inc. (YHOO). Initial jobless claims were worse than expected and bond prices rose. The Dow Jones Industrial Average plunged 206 points (2.0%) to 10,176, the S&P 500 index swooned 27 points (2.4%) to 1104, and the Nasdaq Composite tumbled 42 points (2.4%) to 1725. All ten of the S&P industry sectors fell, led by telecom and industrial shares. Losers outpaced gainers by about 2 to 1 on both the NYSE and the Nasdaq. 1.5 billion shares traded on the Big Board as 1.7 billion shares changed hands on the Nasdaq. TODAY'S EXECUTIONS: 10:14:38 AOL SHRT 2000 20.25 10:17:29 CKP BOT 2000 18.50 OPEN POSITIONS: Short VOD 3000 17.16 +1.46 Short AOL 2000 20.25 +0.54 Long SBUX 2000 24.41 +0.48 Short TLAB 3000 9.68 +0.50 Long FWC 5000 2.75 +0.15 Long CKP 2000 18.50 -0.60 Long PALM 5000 4.01 -0.70 Long .PQODY 20 1.60 -1.50 CLOSED P&L: $0 OPEN P&L: $1,220 TOTAL CLOSED P&L: $41,409 * These figures are derived from my trading as of 3-6-02 when I began posting my trades on this board. (20 trading days with 6 trading days of vacation)
I found it really cool that you did not make a big deal out of the heart-breaking short cover on IBM just before the gap down - It shows true professionalism. I need to take notes on that one Keep up the good work. I'm sure many of us find your posts beneficial. May the Trading Gods be with you forever Tony
Hey Tony, I appreciate the fact that you pointed out that play. j/k I still made about $7K in a week on that play.
I had noticed that too, thinking at the time how it would have broken my heart to get out right before the big gap down. And I admired your professionalism and complete lack of whining. As Tony said, I need to take notes on that one! Thanks for your thread Seanote, I enjoy it alot.
the only thing i could think of was.... j/k=jerk happy to hear otherwise. lol _________________________________________________