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Posted by btr Wed, 07 May 2003 00:44:45 GMT
DOW has passed 8500 and NASDAQ has passed 1500. We shall see how the market reacts on CSCO earning report (1c over estimate and flat guidence for Q4, traded lower AH).Posted by btr Tue, 06 May 2003 00:26:47 GMT
It looks like all indexes pause a little today.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. |
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.Posted by btr Fri, 02 May 2003 01:08:50 GMT
There was a big sell off this morning on LOWS. My put position finally turned positive. Out of fear that it might bounce back, half position was closed at small gain. Yet, looking at the daily chart, it's likely that it may test 50 SMA. It's still closed lower than the open. The greedy side of me decided to keep the rest of the position. In hindsight, keeping 1/3 position might be better idea or taking the profit by closing the position entirely. Let's see how it goes tomorrow.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 by btr Wed, 30 Apr 2003 18:48:22 GMT
Although the volume is not heavy, it has bullish bias. Closed GSF May 22.5P - it bounced back a little, but close to support and may reverse; added more SLB May 40P - is that breakout out of bull flag?; scaling out LOW May 42.5PPosted by btr Wed, 30 Apr 2003 04:14:38 GMT
Nasdaq needs to break 1500 and DOW needs to break 8900. DOW has substantial resistence around 9000. Long GSF May 22.5P, SLB May 40P, AMZN May 27.5P and LOW May 42.5P, MSFT May 27.5C; Short MSFT May 25C.THis was a mixed session wit the Russell 2000 and Nasdaq continuing to outperform the larger cap indices. The small caps look pretty good here as they extend above their January highs. The market is stretched (overbought) and I'm still... more
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