Sold to Open 100 .FWU (F Nov 7.50 Put) @ .425 (avg) DELAYED Very busy today.... TOTAL: Short 180 contracts at .44 (avg)
Like my Ford truck and my Ford dealers and Ford customer service. IRA gold stocks ;[dividends like NEM] are still down about 5%+. That is usually good for larger position in October techs . Usually enter my swing trades late like FLEX @ $7.15 on 10/11/02 Sold FLEX @ $7.65 on 10/15/02. On short term trading accounts I TRY not to have big drawdowns;so got back in FLEX @ $7.88 10/17/02 ,still in. ----------------------------------- I try not to hold thru earnings announcements like FLEX. Have been known to plan a few exceptions;that is , if the markets are strong[like now ] and equity trend permits it . Not fast enough to do a lot of pre or post market buying.
Glad to read Senote's note on tech [long TXN] Still riding most of tech stocks bought in early to mid Oct. Bought 10/17/02 FLEX @$7.88.[Swing trade,short term trade account] Sold 10/25/02 FLEX @ $8.01,+$8.02 [45 minutes after regular market open ]because; UNDER performing my other tech stocks and FLEX has been making abnormal, profit threats on my candlechartslately. Interesting 2 day candlechart on FLEX during earnings warning-the law of averages ''usually '' doesn't favor panic selling in post market. --------------------------------- As they say in Chicago ''Vote early and vote often''
DELAYED: Short 5K DELL @ 28.90 Mental Stop @ 30.70 This stock is poised to pull back $3 - $4. If it breaks 30.50 area then I'll close and go long to play the breakout.
what are all the positions you're holding right now? you still short aol, tyc? i'm curious to see your open positions and you're open p&l. at what point are you going to cut your losses?
I'll put together the update this weekend. I can tell you right now, my P&L on swing trades is not good. So far I made a bad call on market sentiment, but these things happen once in a while.
Did you keep TXN to an intraday and close it or decide to hold over the weekend? Also what time of day did you enter this trade? Thanks don