Don's Openings and More for 2006

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Quote from Don Bright:

Hmmm? That sounds interesting.....I'm have someone working a modification to my opening program to seach the "red line" of yahoo finance pre-open.....but this might work...worried about the bandwidth of linking 50-100 stocks, tu it may not matter pre-open.

How many stocks do you do this with?

(Always willing to learn a "better way").

Don
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I follow about 25-30, so its not a big deal to just type in each symbol. Just make sure you use the "LINK" function in the Montage and drag the Link to the T&S ticker. I'll see if there is way to do it in a spreadsheet.
 
2 fills / 3500 shares

2 short / -55.00

- .2 / + 1.3%

covered just before it went green...

oh well...tomorrow

yesterday -406.00

forgot to block nsm on txn news
 
OK, you might like this, because I'm sure similar mornings have happened to you, LOL.

I'm checking pre-openings, news, etc. I see CC raised dividend, and is trading much higher pre-open. I say out loud "I should probably take CC out" - "ah well, let's see what happens".

Opens at 27.10, I'm short 3000 shares. Gaps up to .45 so now I'm down $900...I just watch for a minute...BTW, I have 6 fills total. Then CAT opens, which I took out a couple of weeks ago because the price is just too high....but since I "reloaded" my spreadsheet, CAT was still in there. So, now CAT opens at 73.50, and gaps up to 73.85 on a couple of trades. Only 2000 shares on this one, but now down $700 on this sucker.

OK, so I cover 4 stocks with a $400 profit, but I'm focused on CC and CAT. Well, good news is that when CC started to come down, I scaled to cover, actually making $100 (of course, then it went down another 30 cents or so, LOL).

I go ahead and cover CAT at a 13 cent loss, netting about $250 overall...step next door to chat with my traders...and say "you watch CAT drop like a rock now that I covered" - in the 90 seconds to get back to my machine, CAT goes .29 bid offered at .51 (I covered at .63), prints down to .37 and I had already covered.

Anyway, I know we all have mornings like this... and it "coulda been bad, coulda been worse".

Have a good day,

Don
 
Quote from Arnie:

How did the 4 stocks you covered for $400 do after you got out?
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Hmm, let's see.

BMY bought at 25.59, low is now 25.45

JPM bought at 41.62, low is now 41.61

PG bought at 56.18, low is now 55.82

PFE bought at 23.08, low is now 22.97.

Tends to add proof to the theory of late that perhaps a bit longer holding period..."gotta let the profts run" -

Don
 
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