Posted by btr
Wed, 21 May 2003 00:57:52 GMT
HPQ earning should lead market higher tomorrow. HD jumped about 9% contrasted to LOW's 9% drop yesterday! Little changed on all indexes.
Closed all shorts on LOW, SOHU, CSCO and IBM.
401(k) is 100% in cash now.
Posted in Mutual Funds, Trading, Options | no comments
Posted by btr
Fri, 16 May 2003 20:50:46 GMT
DOW closed @ 8,678.97. It's still in the uptrend, but it seems stalled a little bit. Russel 2000 dropped to 414.69. NASDAQ closed @ 1,538.53. If it's not topped, it's close.
OAKMX: sold half of remaining position.
LSCRX: sold half of remaining position.
Bought puts on IBM, CSCO, SUNW, SOHU and LOW.
Posted in Mutual Funds, Options | 1 comment
Posted by btr
Thu, 01 May 2003 02:24:04 GMT
I learned from co-worker that our company's 401(k) plan allows end-of-day trading. Previously I thought it would only post transactions once every month, which would make swing trade very hard. My plan is to select a few mutual funds as trading vehicles and swing trade them. Holding time will be weeks or months. The goal is to catch big trends. All cashes will be swept into GIC fund accruing interest daily.
Sold 30% position on OAKMX at DOW resistence level 8500; OAKMX follows DOW closely; sell 1/2 position at next level 8700-8800 or if current uptrend reverses.
Hold LSCRX which follows RUT closely. It's still in uptrend.
Posted in Mutual Funds | 5 comments