Don's openings and more for 2005

3 stocks 1 scratch (LUV) and 2 losers.... ABT was one of them... I held it for a while and watched it go for me 10 cents and then fall right back down.... piece of garbage. I forget what the other stock was....

crap day. -$500 (1000sh / position)

I only lost that much becuase I ended up long 5k ABT I think. Someone lifted NSDQ b4 I could nail it. JERK, whydidya have to hit him for all his size... couldda left me 5k... ;)

tommorrow!
 
Quote from Don Bright:

ACI = P/E of 114 ?

Book Value $18.00

But, it says its' beta is .44 which is wrong...since the 52 week high low is $82/$32. not good.

And, one final thing...I don't recommend trading stocks over $50.00...

FWIW...

All the best,

Don

Don:

Why do you not recommend trading stocks over $50? Thanks!
 
Today result:

19 orders/38 stocks, 2 fills

Winner: ABT (Long, 8 cents)
Loser: S (Short ,4 cents)

I am not sure if i got out my trade too early or wut... for example on S, it gapped up w/ the S&P gapped down slightly, and it ran further up for another 10 cents... i got jiggled out for 4 cents loser.... it then came all the way back to my short entry...
I guess as Don said, exit is the hardest part in playing the openings...

please advice :)
 
down 669.47. (with a low of -1100)

12 fills 1000 shares each... too many fills, didn't handle them well.

took an 800 loss in GT, had a bid get taken out lost over 10 cents on 6k shares... (that postition got added to...)

btw that's the same mistake 2 days in a row... not to be made again!

maybe cancel remaming orders after i get 5 fills... 12 is a little too much to watch unless they're all running in your direction...

tommorrow!

mnx
 
Gag, cough, blah, stupid opening.....LOL. HPQ, PG both a nightmare this morning.....one long, one short, both gapping... stupid Cramer picks PG, and HPQ just kept tanking....(-$950).

Stupid opening only orders....(just kidding, it happens to the best of us sometimes).....

Back at it tomorrow...then off to the traders expo....

Don
 
Only 1 Fill today out of 40 orders/20 stocks

Winner: ABT (Long, 3 cents)

It first went down 15 cents against me... then shot back up to fair value, got out there, and it went another 20 cents up... should've held it... :(

tmr
 
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