A 70k bet that I can't make a 50% gain in 2009

- MON announces a share buyback or some nonsense and I dodge a massive bullet (slippage woulda been ugly on that stop)
- After less than _ONE_HOUR_ MON gives back it's entire move up due to the buyback. What is it going to take to get this stock going? Conviction buylist? nope. Stock Buyback? nope. Maybe they should try to acquire Stephen Strasburg.
- I missed the short under the 13:55 bar because I was too busy making a dumb trade on BP
- Short the next lower high.
- I get to within 3c of tgt in a hurry, move stop to b/e
- out b/e

(Yes, i realize the moderate irony of mocking MON while going 0-1-1 on it today)

go flyers

http://puddles.humanfund.ca/wp/2010/06/09/2010-06-9-trades/ [/B][/QUOTE]

Strasburg!!! The Messiah!!
Think he could play goalie for the flyers?? ugh
 
<img src="http://puddles.humanfund.ca/20100610/spy.png">

<img src="http://puddles.humanfund.ca/20100610/rmbs.png">

<img src="http://puddles.humanfund.ca/20100610/ibm.png">

<img src="http://puddles.humanfund.ca/20100610/hlx.png">

<img src="http://puddles.humanfund.ca/20100610/rimm.png">

9:49

LONG RMBS 18.65
STOP 18.53
TGT 18.89

(2 minute chart)
- RMBS is extended down on the daily
- All signs pointed to a strong open, I'm looking to go long if this thing shows life after the open
- HUGE breakout green bar shortly into the session
- Look for a quick entry after the pullback
- Long over the higher low, almost got it
- out -0.12
- I could have probably waited for a few more days down
- I could have probably moved stop to b/e as i was within 6c of target

9:59

LONG IBM 127.06
STOP 126.91
TGT 127.36

(2 minute chart)
- IBM gaps up just like SPY and is strong
- I don't have a SPY 2minute chart up but 9:56 bar of SPY is red while IBM's 9:56 bar is green
- IBM's 9:58 bar is red just as SPYs
- The stop was a little tight for such an expensive stock but I like that it crosses a round #
- Look to go long over the 9:58 bar
- SPY and IBM continue their rally.
- Entry and exit in under 60 seconds.
- out +0.3

11:19

SHORT HLX 10.36
STOP 10.45
TGT 10.18

- HLX shows no intraday strength and is drifting down compared to SPY which is holding in a tight range
- Short under the lower high..
- chop chop chop..
- GS was a much better short around this time
- out -0.09

14:32

LONG RIMM 58.93
STOP 58.79
TGT 59.21

- RIMM shows intraday strength making new highs as SPY heads high (SPY had not touched HOD yet)
- RIMM sets up a nice tight high lower
- Long over it
- Ticked out the next bar then the stock moves up
- ugh
- out -0.14

http://puddles.humanfund.ca/wp/2010/06/10/2010-06-10-trades/
 
Had my first red day in almost 2 weeks (last monday)
0-1 went long BP at 32.19 stopped out at 31.92
I feel ya hotpuddles....you still doin great!
 
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