Trading Journal - May

Discussion in 'Journals' started by Seanote, May 1, 2002.

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  1. Seanote

    Seanote Guest

    05-01-02 08:57 AM

    Opening Comments & Plays

    IMO- This decline has yet to reach deep oversold conditions so I'm treating yesterday's rally with suspicion. The big indices tested short term resistance but backed off towards the afternoon. Yesterday was the dead cat bounce that I mentioned so I'm still looking predominantly short. Other than PALM, I have tight stops on my long positions.

    HD - Short
    CREE - Short


    Edit • Quote • Kill
    Seanote
    Senior Member

    Registered: Mar 2002
    Posts: 377


    05-01-02 09:09 AM
    Trade
    Sold 2 .SJXQL @ 51.00

    + 34.00 points


    Edit • Quote • Kill
    Seanote
    Senior Member

    Registered: Mar 2002
    Posts: 377


    05-01-02 09:26 AM
    Trade
    Sold 5 .SJXEH @ 11.50

    - 7.30 points

    Flat on SOX CALLS

    Still long 5 puts

    I will update all trades and comments for May only on this thread from now on and start my MTD P&L at zero beginning today. I will also post my up-to-date P&L each day.
     
  2. Seanote

    Seanote Guest

    Closed 2,000 YHOO @ 15.73

    + 1.41 points
     
  3. Seanote

    Seanote Guest

    Short 2,000 CREE @ 12.34
     
  4. Seanote

    Seanote Guest

    TODAYS EXECUTIONS:

    15:37:28 CREE SHRT 2000 12.34
    15:34:30 YHOO SLD 2000 15.73
    10:15:14 .SJXEH SLD 3 11.50
    10:08:28 .SJXEH SLD 2 11.80
    10:05:09 .SJXQL SLD 2 51.00

    OPEN POSITIONS:

    LONG .SJXQL 5 17.00 +24.00
    SHORT AMGN 2000 51.39 -0.15
    SHORT CREE 2000 12.34 -0.16
    LONG PALM 10000 3.63 -0.56
    LONG DIS 2000 24.86 -0.69
    SHORT VZ 2000 40.23 -1.35

    CLOSED P&L: $5,970 OPEN P&L: $1,700
    MTD P&L: $5,970 YTD P&L: $165,302
     
  5. Seanote

    Seanote Guest

    I won't have time today to write up a commentary, but here is a stock I'm watching.

    IMO-

    SUNW - Short
    CEO & COO resigned..... I wouldn't be surprised if accounting irregularities arise, then Moodys cuts credit rating.....and you know the rest. (ENE, KM, WCOM...)
     
  6. Seanote

    Seanote Guest

    Did anyone short CREE yesterday or today? IMO - This stock appears to be trending downward for at least a point from the close.
     
  7. drew

    drew

    Agreed. Got 1K yesterday near the close. Looking good so far but we will see... :cool:
     
  8. Seanote

    Seanote Guest

    Short 5,000 SUNW @ 6.61

    Stop @ 8.00
    Target @ 4.75 - 5.00
     
  9. moffitt

    moffitt

    Seanote
    OK I'm back on the reading track as I have found you and this thread..

    :cool:
     
  10. Seanote

    Seanote Guest

    The SOX is testing the 500 level again....if it breaks look for more significant downside. I'm still long 5 May 560 puts @ 17.00

    This sector looks weaker by the day. We had the dead cat bounce yesterday and I anticipate a break through short term support soon.
     
    #10     May 2, 2002
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