Showing posts with label review. Show all posts
Showing posts with label review. Show all posts

Wednesday, May 13, 2009

Tuesday's review

DISH - We were interested in 17$ breakout. We saw nice braekout to 16.5$.
NCS - we broke strong range @6$. I entered the breakout and still holding short.
FITB - today, even on weak market at the morning we had false breakout @8$. I guess my estimation of growth was wrong. As I wrote "This stock had speculative growth after publicing stress test results". Yes, i still holding this short, even after false breakout but now i think this company is not weaker then financials overall.
BAC and AXP - was my financials to long. "Bank of America Corp. shares rose in premarket trading Tuesday on reports the bank has raised $7.3 billion by selling part of its stake in China Construction Bank to Asian investors." But on weak market open we broke lvls for which i looked as potentional buy. We didnt saw real s/p on it at weak market open. Its nice :-) .
COF - we were interested on breakout @26$. We saw beautifull move after breakout to 24. At 20-00 when market reverse COF removed from 24$. We began to find new entry point for short for 2-3 days. We saw how COF had problems to move higher at 24.6 area but wasnt enough disciplined to wait for a base/sidemove and to see market confirmation @TraderFeed indicators.
CIEN
- shorted @9.94 and still hold it. This stock was weaker then market today coz analyst rating's downgrade.
F - Ford announced about offering own stocks. It opened with a large gap down and found some support @5.5. I saw this but wasnt enough quick to enter this. On time when i looked to how market weak are - F already broke 5.5$ lvl.
INTC - we expect weak technologies in near future. So every day we have some technology companies on list to short. Today INTC didnt broke 15$ in which we were interested but this stock is still on our list.

Friday, May 8, 2009

Review of 7th May

Closed BAc with profit 1990$. after big gap up on the open (BAC was raised due to Tim Geitner words about stress test resulst, analyst upgrades) , market and bac traded on resistance, dont having power to breakout higher.BAC was traded at 15$ region and began to go down. Think many speculators began fixed position after big gain overnight. Closed @14.68. Stress test results will be present after market close. Market filling positive on it, so will try to reenter in bac @14-13.5$.

BAC reentered @14.55 . Bullshit. Was stopeed 13.94. 610$ lose

TRK - was on list to short. Shorted @19.59.

CSCO - opened @20$ after good earnings. But then breakout range @19. Entered @18.94

BAC reentered @13.8 . SL@13.62 . 180$ lose

Closed TRK @19.37 - 220$profit. Too long sideway. Price formed base.

Shorted ELN @ 6.98 . SL@7.07 Moved up from 6.6 to 7 on 10x increasing volume.

Stopped with ELN @ 7.07. 90$ loss

MDT shorted @13.74. Found this stock during the market. Saw that there is no events for it today. It grew from
32.25$ to 33.89$. Then we had a pretty nice sideway move with big angle downturn. Closed 33.59 . MDT 150$ profit

CSCO closed @18.70. CSCO 240$ profit

Closed CSCO and MDT because of their sidemove versus falling market.

Again had problems with borrowing stocks in thinkorswim. LOst 3 good deals oportunities.

BAC... lost a lot on it during tradeday .. Needed just to wait for filling gap.
13.04, sl12.89 loss 150$

Overall per day - profit 1580$.


HOlding BAC overnight. Entered price 13.23. Now profit on it 1600$