Intraday/Swing Plays

I will be on vacation next week and have placed alert stops on all positions except my SOX options. I will be closely watching each position from my Palm and hope to scale out of all positions by mid week. I usually don't carry positions home overnight going into a vacation or extended absence from the computer but I believe there are some good opportunities to be had over the next few days.

Today’s Trades (3-8-02):

15:01:31 .SJXDT SLD 1 59.5
14:04:59 ADBE BOT 2000 39.74
10:21:06 IBM SHRT 1000 106.61
10:09:08 DNA BOT 2000 51.97

Overnights:

09:17:33 .SJXDT BOT 10 42.2 3-6-02
09:59:45 MLNM BOT 2000 22.6 3-7-02
10:19:28 MER BOT 1000 52.85 3-7-02

Closed P&L: $3,950 Open P&L: $17,600

Total Closed P&L: $7,850
 
With regard to swing trades, I would like to participate so I will post swing plays also and hope others will too.

Today:

Bot FLIR 40 @55.89. partial fill. Wish I had it earlier. This is thin n fast

Think the market will offer better risk opportunities on pullbacks in the next week or so.

Watch list for long:

THQI, PSFT, KLAC, AMAT NVLS. Like to see a some pullback and then get in on trend resumption.

JNJ, FDX, BDK.

WIll monitor homebuilders LEN BZH TOL RYL for depth of pullback.

Not convinced Biotechs have turned up.
 
Originally posted by Seanote
Check out .SJXDR (590) ....there have been 2 trades today. One 500 lot and one 800 lot....both at or near the ask!! I have the (600) calls...here's a good indication of continued upside short-term. You don't buy 1300 contracts on the SOX without knowing something. Open interest increased as well. That was a $9 million transaction!
More...

Maybe I missed something? The 800@65.50 trade was at 10:16, in a 65.50-68.50 market (i.e. at the bid). The 500@69.00 trade was at 11:00 and is harder to read, but looks to have been closer to the bid, especially if it was printed a couple minutes after the actual verbal negotiation was made, which I think happens routinely with option trades, especially big ones. I've seen my own small trades show up minutes later.

What would this signify? Could this be someone selling 800, and then selling 500 more as the position moved against them? It looks like the first trade was made as the 5-minute MACD had topped, and the second, as it was crossing 0 heading downward.

Then there was another 500@67 at 11:19, closer to the bid than the offer, into strength off a near-term bottom. And another 250@68 at 12:31, again closer to the bid, into a falling market. Then there was the final 250@65 at 15:15 during the short-covering burst at end of day. This one was very close to the ask. If this were one player, it looks like you could read it as he sold 2050 contracts but then decided to cover the last 250 for a 3-point win.

Alternative reads please?
 
Seagate................................;Good read,thought at first with your book quote you had written a book?[1]Mind sharing the meaning of your nickname?:) [2]Looks like a good price target of $''27.oo-MLNM.Based that guess on including but not limited to 5day-2 yr charts,candlecharts,resistance@$28-29...........................................?
 
I´m wondering what lead you to go long FLIR at that price and at that time. Maybe its just that I wouldn´t have taken the same decision. In any case, it would be educational if you could share your reasoning, and your stop loss, etc.
 
Felt its intraday rebound had enough strength to warrant a long position.

Sold this morning with a strong open.

CCMP. SHorted when it could not break fridays's high and .62 retracement of prior downtrend.Would like to cover just above the .50 level.
 
CCMP stopped out even.

With a point in my favor, I entered two orders, one a stop at break even (73.70) and a cover at 70.55. I do this because sometimes I cannot monitor the position throughout the day. I have never had both triggered. I wish there were a conditional order entry that in the event one is triggered, cancels the other.

Prefer to wait for a long entry in Semi Cap. Eq. stocks. Like to see more of a pullback.
 
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