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
Tue, 20 May 2003 00:30:37 GMT
DOW dropped 185.58 to 8493.39 below 8500. NASDAQ closed @ 1492.77 below 1500 and Russel 2000 closed @ 408.32.
LOW dropped almost 9% due to lower than forcasted revenue. The short position opened Friday went up more than 130%!
SOHU closed with bearish harami candle posing to reverse at almost twice of average volume.
MSFT broke down the trading range and support level is @24. The long position will be opened @24 level.
Support level IBM @ 85 and CSCO @ 15.5.
OAKMX and LSCRX: the remaining positions will be closed tomorrow.
Posted in Trading | no comments
Posted by btr
Tue, 06 May 2003 00:26:47 GMT
It looks like all indexes pause a little today.
SUNW continues to move up with heavy volume.
SOHU is at its peak (19.15) since IPO. It has made massive moves from the risk of delisting last year when it went under $1.
Posted in Trading | 1 comment
Posted by btr
Sat, 03 May 2003 18:09:24 GMT
Here's an interesting
article. Here I copied portion of it. We can figure out which pond we are in.
| NAME |
POND |
HOLDING PERIOD |
FOOD SOURCE |
QUALITIES |
| Investors |
Random |
No clue |
No Clue |
No Clue |
| Mutual Funds |
Daily |
Weeks |
Investors |
Huge amounts of money, Marketing/research groups, and a tackle box full of Investrador lures. |
| Swing Traders |
Daily |
Days |
Investors |
Smart, careful. Decision-making after market hours. |
| Institutions |
15 Minute |
Hours |
Mutual Funds |
Deep pockets, Move Markets over short timeframes, very astute, inside information. |
| Day Traders |
5 Minute |
Minutes |
15 Minute Fish |
Waits for rock solid plays. Decisive. Decision making during market hours. |
| Momentum |
2 Minute |
Seconds |
Investradors |
Timing High Volume, High Volatility Stocks. |
| Scalpers |
2 Minute |
Seconds |
Everyone |
Happy just going click, click, click all day long. |
Basically, you are taking money from the timeframe above you and giving money to the timeframe below you. For example, if you measure your holding period by minutes, then trade off a 5 minute chart. However, you need to monitor the 15 minute and daily charts for opportunities. Likewise, use the 2 minute chart to monitor that pond for hazards. But remember if you are playing in the 5 minute pond then stay there. Don't move from pond to pond.
Posted in Trading | 3 comments
Posted by btr
Fri, 02 May 2003 19:52:53 GMT
Wow, SUNW went up 12.31% with 130MM shares changing hands. Average volume is typically around 50MM. There's a buyout rumor too along with 5MM block trade (possible institution order). Sold some holdings in the range of 3.54-3.73 and held rest of it. It's building a nice base around 3.3 before this breakout. It will be interesting to see what's behind today's move.
DOW closed at 8,582.68 with lower than average volume; NASDAQ ended at 1,502.88 with average volume; S&P 500 ended at 930.08; Russel 2000 ended at 407.67; all indexes are right sitting at resistence.
Posted in Trading | 5 comments