Trading Journal - June

Short 1,000 BVF @ 27.28

Total Position: Short 3,000 @ 27.35

 

Long 4K AOL @ 13.81

 

rumors of accounting problems at AOL - fwiw

 

Closed 4K AOL @ 13.39

- .41 points

 

I was busy trading futures and didn't look at AOL news first... Thanks.

 

Long 10K JDSU @ 2.28

Total Position: Long 20,000 JDSU @ 2.42

 

AOL says it will not warn...(that doesn't mean they won't miss )

 

IMO - Looks like everyone is getting suckered into this false rally. I'm covering my MCD long soon and taking a few shorts overnight. A lot of traders think everything is o.k. now and they're starting to buy. This is ONLY short covering.

 

Closed 3K MCD @ 28.85

- .16 points

 

Short 3K IBM @ 70.20 (swing)