TODAYS EXECUTIONS: 15:55:07 IBM BOT 3000 69.70 15:35:36 QCOM SHRT 3000 26.81 15:32:53 IBM SHRT 3000 70.20 15:31:41 MCD SLD 3000 28.85 14:17:26 JDSU BOT 10000 2.28 14:02:59 AOL SLD 4000 13.39 13:50:17 AOL BOT 4000 13.81 13:44:06 BVF SHRT 1000 27.28 13:39:05 BVF SHRT 2000 27.38 11:49:15 MO SLD 4000 43.80 11:29:34 MO BOT 4000 43.45 10:27:18 MSFT SLD 3000 52.04 10:11:48 MSFT BOT 3000 51.54 10:07:16 JNPR SLD 4000 5.49 09:49:17 PETM SLD 3000 14.55 09:34:14 PETM BOT 3000 13.89 09:31:50 JNPR BOT 4000 5.21 OPEN POSITIONS: LONG JDSU 20000 2.42 -0.11 SHORT QCOM 3000 26.81 -0.29 SHORT BVF 3000 27.35 -0.33 CLOSED P&L: $5,340 OPEN P&L: ($4,060) MTD: $50,173 YTD: $253,447
Seanote , You rock , I like your trading style a lot. I want another gap down tomorrow because more short covering to come.
First I note that the 50-day MA of the Dow stands at 9875 while the 200-day MA stands at 9822. The two are now only 53 points apart (both are declining), but the 50-day MA is coming down fast. We'll surely get a bearish crossing next week with the 50-day MA breaking below the 200-day MA, thus putting the Dow in the bearish configuration for the first time in months. WCOM - As far as WorldCom is concerned, can this story get any more sordid? How can you hide $3.8 billion in expenses? Their accountant is either smoking something or on the take. Then Bernie Ebbers borrows $370 million from the company, he has no way in the world of paying it back -- but WorldCom includes the loan it made to Bernie as part of the company's assets. I submitting my resume.
Seanote You can't submit a resume to WCOM. You make money and they don't want that. They want to lose and give money away. Your trading may turn the company around.