Don's Openings and More for 2006

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Quote from Trish2:

On the morning after an earning's spike, I exit the trade. ADBE today. Does anyone stay in it or re-enter later?
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If I held through earnings and it reacted well to them, I'd be holding still. Tough racket holding through earnings nowadays, unless you have a nice cushion in the stock going into them.
 
Quote from sucre_estave:

If I held through earnings and it reacted well to them, I'd be holding still. Tough racket holding through earnings nowadays, unless you have a nice cushion in the stock going into them.
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Well, since we're trading the NYSE openings (here), we generally go flat on earnings days...no sense taking risk, for the most part, right?

It's so darn hard to figure out how the stocks are going to react to earnings these days...add fhe stupid forecast, re-calc's ...all that nonsens....

Don
 
Quote from Don Bright:

It's so darn hard to figure out how the stocks are going to react to earnings these days...add fhe stupid forecast, re-calc's ...all that nonsens....

Don [/B]
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That is true for ADBE.
Jan 40 call

Analysts:up
11 BUYS
0 Sell

Techs:up 6 month chart

Earnings reports down:
Quarters'05 to quarters'06/down
2005-2006/down

Why did I stay through earnings? From the last price behavior spike and techs. Just dumb luck on this one.
 
I was expecting more today too, but it turned out quite well:

only 3 fills (less than average),

but +1000 (better than average)

Don, you mentioned an MOC strategy a while back; are you thinking of starting a thread on that in January?
 
Quote from lescor:

Uneventful witching today, as expected. A glimmer of hope with the ES movement right before the bell, but nothing doin'.

3 longs- 2 winners and a loser for pocket change profits.

Trish, you are quoting my stats for last year trading opening orders. Yes, I did about $200k last year with this strategy, thanks largely to a couple big days. This year is running about 75% below last year, and about half my historical average. Still worth it for 15 minutes of trading in the morning, but not what it used to be.
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Why is the opening more difficult to trade this year?
 
Quote from Don Bright:

Well, since we're trading the NYSE openings (here), we generally go flat on earnings days...no sense taking risk, for the most part, right?

It's so darn hard to figure out how the stocks are going to react to earnings these days...add fhe stupid forecast, re-calc's ...all that nonsens....

Don
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to be fair with u and with myself as well, we've been idiots not to buy every freaking stock before report after seeing the major 10-15 companies beating by a mile....it was obvious that a slew of them were gonna beat as well and the odds of making out like a bandit by playing them all on the long side were really good and almost unprecedented. next qt stocks may take a hit on report and a bearish pattern may emerge like back in the summer where doing the exact opposite, that is short every stock ahead of report would have make u a rich man...but yeah it takes balls and persistence.
 
1 fill short GE for a scratch. "Woulda" made a couple cents but accidentally had TIF set at OPG instead of DAY & it took me a while to figure out why my buy orders to cover were automatically being cancelled LOL.
Even worse I accidentally cancelled my remaining OPG orders & missed a short fill on DOW which looked good.
Blame it on Monday morning.
 
Quote from isaac000:

Why is the opening more difficult to trade this year?
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I don't know if I'd say they're more difficult, just different. I did good early in the year then played a game of 1 step forward, 1 step back for about 4 months, then took a break. Came back in August with a smaller list, bigger size, paying more attention and results have been good again.

This hybrid situation is a whole new ball of wax though. Going to require another round of tweaking I think.
 
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