ETFTraderFriends

EtfTraderLives · Dec 31, 2004

Opened up shorts on ADBE
$63.45-$63.50

EtfTraderLives · Jan 4, 2005

Covered ADBE $60.55-$60.65 +high $2's/$3

EtfTraderLives · Jan 4, 2005

Swung long $60.55 avg (with only 1/2 of what I was playing originally - for you money management freaks)

heilbronner · Jan 4, 2005

Quote from EtfTraderLives:

Swung long $60.55 avg (with only 1/2 of what I was playing originally - for you money management freaks)

I'm still short ADBE. Sometime you just need patience and big balls.

heilbronner · Jan 4, 2005

Hi Alex,

are you still short your 16,000 pieces?

MAESTRO · Jan 4, 2005

We have made $1.89 per share on 16,000 shares. I'm out at $59.90 average.

Longhorns · Jan 4, 2005

Quote from heilbronner:

I'm still short ADBE. Sometime you just need patience and big balls.

What a joke. Even if you end up making money on it (and you're still not in the money), it is an awful trade. You shorted ADBE below 59 and the stock ran above 64....and you continued to hold it. Terrible.

heilbronner · Jan 4, 2005

Congrats, IMHO nice start in 2005.

Best wishes.

heilbronner · Jan 4, 2005

Quote from Longhorns:

What a joke. Even if you end up making money on it (and you're still not in the money), it is an awful trade. You shorted ADBE below 59 and the stock ran above 64....yet you held it. Terrible.

My performance for 2004 is still triple digit. IMHO such awful trades are part of my strategy. Have done about 20,000 trades in 2004, most in the derivative arena.

Peace.

MAESTRO · Jan 4, 2005

Quote from Longhorns:

What a joke. Even if you end up making money on it (and you're still not in the money), it is an awful trade. You shorted ADBE below 59 and the stock ran above 64....and you continued to hold it. Terrible.

I have been following heilbronner's trades for quite some time now. I am a professional in this business and his performance looks pretty good to me! He has been averaging 10 -12 % a month if I am not mistaken. I don't see too often this kind of performance and consistency.

My advise to you is analyze first and judge later.