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 Options, Trading, Mutual Funds | 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