bought some WM EFPs to try to capture some interest on the balance in the account. sold for an annualized rate of 7.975% (march 08s) dividend is about 56 cents so if they cut that the effective rate will drop a lot. still better than having it sit as dead cash in the account. TSL is now one of the top performers for the day. I didnt stick around long enough to see how it was going to do. In premarket trading I was up a little over a thousand and decided not to get greedy. sold all 7 premarket. +1185 for the trade
good day overall. I did end up buying 10 of the WM EFPs back at a small profit. The risk of WM lowering the dividend I think more than offset the extra gain over some of the others. Will be looking to find another (still have 4 WM EFPs March 08) + ~ 24 on the 10 WM EFPs + 1318 for the day + 1853 for the week + 6918 for the month ** side note, the black dots on my blotter show where IB is not calculating the P/L. Kinda sad that they cant seem to get their software to run well. Also raises questions about what else is going wrong.
boring day until UAUA took off. shot up like a rocket and came right back. looking at the chart after the fact shows it acted almost perfect for my style of trading. 18 units short at the maximum. all in 2 units lots 46.16 46.51 46.73 47.16 47.31 48.11 48.46 48.65 49.35 bought all back in 2 unit lots 47.45 47.39 SHORT 48.42 47.64 47.51 47.37 47.23 47.02 47.17 46.96 47.27 + 761 for the trade + 2614 for the week + 7679 for the month
S STV 2 @ 39.26 covered at 38.74 S:6b+ total time in trade was one minute six seconds. +102 for the trade
had a couple of trades at the same time. S VRSN @ 35.42 S:6b out of CRM @ 55.88 +.44 55.81 +.51 55.77 + .55 +264 for the trade S JBX 32.11 S:6b+ covered VRSN @ 34.65 +.77 + 153 for the trade covered JBX @ 31.85 .25 + 50.10 for the trade
Just a few trades today. All just about the same time. Now 20 trading days in a row profitable. +497 for the day + 3213 for the week + 8278 for the month.