Don's Openings, Part 6 2003

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Quote from OPTIONAL777:

What makes you think Bright traders would be interested in new technology?
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Hmmm...

Guess that's bait that you're pulling outta that hole. I can see you're waiving it around now, looking for someone to take it.
:p
 
Quote from Don Bright:

Back to normal, athough small. 2 fills, 2 winners ...up $800.....txn short, leh long.

This was "textbook" for two reasons. Even though we had a bid "down" opening, I was filled on the short sale of TXN, which then went straight down. Secondly, the large "gap" was exaggerated in many stocks, with a nice rebound. I "coulda" had a smaller envelope (and more fills)....but we did ok....made up for yesterday.

Don
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Don,

Is a .8 envelope

8 percent (0.08)

or is it

.8 of one percent (0.008)

?

Thanks
 
Quote from swtrader:



Don,

Is a .8 envelope

8 percent (0.08)

or is it

.8 of one percent (0.008)

?

Thanks
More...

and is it each side, or is it half of the envelope for each side?
 
Quote from swtrader:


Is a .8 envelope 8 percent (0.08)
or is it .8 of one percent (0.008) ?
More...

It's 8/10 ths of one percent. It's applied to each side, as in .008 above and .008 below the calculated fair opening price of the stock.
 
OK, as we said "back to normal"....I hope.
For those who sent emails about my health concerns, thank you!! I had my "TEE" test (TraechealElectroCardiogram) (sp?), and it turns out that the heart valve replaced last May is leaking, but not too bad....this is actually good news, since they thought they may have to "back in" through my chest. So all is well for a while longer.....big "load off my chest" (lol)....

OK, only 2 fills today with a .8 (of one percent) envelope. Made about 13 cents ($260)......

Want to thank all of the Elite Traders, including Baron, who came by to visit in Ft. Lauderdale over the weekend. Real small turnout, but those who showed up seemed to be really interested in trading (as opposed to the "investor types."

Back to you all tomorrow....

Don
 
OK, pretty straight forward today. Filled on 5 stocks, using a .7 envelope. Profits on all 5, about $750 (37 cents).

Wish they were all this easy.

I did make a mistake I should warn you all about. I placed my "slingshot" cover order in GE at 25.70, but actually covered a bit higher, and forgot to cancel it....gave back a few pennies, but still "green" for GE.

Be sure to cancel all your orders before heading off to other trading....don't let this happen to you.

Don
 
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