Trading Journal - July

Long 20000 JDSU @ 2.15

 

Short 5000 AOL @ 10.45

 

I know a friend who is still long AOL at around $85 a share,because the analysts and fund managers advocate long term investing.What a joke.

 

That is sickening! Reason #10,255 why to use stops no matter what your time frame is.

 

Long 3000 KLAC @ 36.90

 

Long 2000 KLAC @ 37.31

Total: Long 5000 @ 37.06

 

LONG KLAC 5000 37.06 +0.22
LONG JDSU 20000 2.15 -0.02
SHORT AOL 5000 10.45 -0.51
SHORT TYC 5000 11.50 -0.53

 

Seanote,

I was away from the screens most of the week and am now just trying to get caught up. What a week to miss, eh? Anyway, I noticed there is a troubling divergence between the NDX and the SPX, very evident on the 60 minute. Any thoughts on this?

 

Nice % gainers , Seanote,especially TYC friday.

TYC has a personality of % gains ,uptrends AND Downtrends.TYC reminds me of a NASDAQ tech stock because of its speed and % gains.

Interesting, something i reviewed on my printed TYC 20 day + chart.

TYC had a great % gain,then droped about 15% on a 5 minute candlechart.Usually bounces back but then dropped another 10 % shortly-20 day candlechart about May7.

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''FTC , Carl Ichan, TYC'' in recognition of the DOW JONES news wire quote

 

Closed 5000 KLAC @ 38.22

+ 1.16 points