arthur Guest
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Posted: Tue Aug 24, 2004 1:10 pm Post subject: Aug 24th Trading Log (Recap and Wed Trading Plan) |
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Aug 24th Trading Log (Recap and Wed Trading Plan):
I took advantage of volatility to buy and sell calls and puts. However, my SMH calls and EBAY puts fell a great deal today. Nontheless, I believe, I'll eventually make gains on most of my calls and puts. The Durable Goods Order report tomorrow morning should move the market. The TICK chart shows its 100 unit MA is below its 200 unit MA, which is bearish. Also, VXN is still on a sell signal (both charts on page one of Chart Room). The SPX 60 minute chart (near top of page three of Chart Room) narrowing of its Bollinger Bands indicates a big move soon, perhaps down. SPX hasn't been able to rise much above 1,100. KKD reports earnings Thu . I plan to continue to take advantage of volatility and wait for better opportunities.
My portfolio is over $895,000 including $725,000 in cash.
Calls Contracts
SMH Nov 30 2004 200
SMH Jan 32.5 2005 300
RMBS Jan 10 2005 10
KKD Oct 15 2004 50
PSFT Oct 17.5 2004 100
Puts Contracts
DIA Sep 102 2004 100
QQQ Oct 35 2004 100
EBAY Sep 80 2004 50
EBAY Oct 80 2004 20
KKD Oct 15 2004 20
PSFT Oct 17.5 2004 10
Portfolio at $500,000 on Jul 1st, 2003 |
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