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

Quote from puddles:

9:41

SHORT RIMM 55.59
STOP 55.74
TGT 55.29
More...

out +0.3

9:52

LONG SNDK 42.25
STOP 41.99
TGT 42.72 (this was a little adventageous but the stock was on fire)

out -0.29

10:17

SHORT AMGN 55.34
STOP 55.43
TGT 55.16
 
<img src="http://puddles.humanfund.ca/20101105/spy.png">

<img src="http://puddles.humanfund.ca/20101105/rimm.png">

<img src="http://puddles.humanfund.ca/20101105/sndk.png">

<img src="http://puddles.humanfund.ca/20101105/amgn.png">

<img src="http://puddles.humanfund.ca/20101105/grmn.png">

9:41

(2min play)
SHORT RIMM 55.59
STOP 55.74
TGT 55.29

- SPY gap up
- RIMM gap down and continued weakness
- out +0.3

9:52

(2min play)
LONG SNDK 42.25
STOP 41.99
TGT 42.72

- SPY gap up and go for 10 minutes then pull back for 10 minutes
- SNDK ripping for 20 minutes
- Get long over the higher low with SPY turning
- Use below the low of the entry bar as the stop
- out -0.29

10:17

SHORT AMGN 55.34
STOP 55.43
TGT 55.16

- Weak from the open vs a gapped up and green SPY
- Short under the perfect lower high
- out +0.16

10:41

SHORT GRMN 31.24
STOP 31.31
TGT 31.10

- Fundamentally I'm very bearish on this company as I don't understand how a large part of it's business will not continue to be eroded to virtually 0% market share by smartphones. (I'm posting this in my journal so I can look back on this a few years and see if I got this right)
- SPY very strong from 10am onward
- GRMN making new lows and holding in a very tight range
- Short the break
- out +0.12

Nice set of posted trades to end a horrible week. I took another setup in the afternoon (I don't post that style) which I played all wrong and wiped out todays profits. I knew I shouldn't have returned form lunch and just kept drinking instead..

7-15 Week/Month.

http://puddles.humanfund.ca/wp/2010/11/05/2010-11-05-trades/
 
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