I wouldn't touch this stock right now. The stock has gapped down quite a bit on what appears to be no news as of yet. Either insiders are dumping and or negative news will soon be released. If you have been watching this stock closely and noticed that the MMs gapped the price down quickly on relatively low volume, then I might consider taking a short term long position. I personally have never liked PCLN much since the IPO days so I can't give you much more info than that. Good luck!
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Intraday/Swing Plays
- Thread starter Seanote
- Start date
TODAY'S EXECUTIONS:
14:18:25 CSCO SLD 1000 16.58
11:57:18 DNA SLD 2000 50.9
10:27:12 COHU SLD 2000 27.9
10:32:23 MSFT SHRT 2000 56.85
10:23:09 WCOM SLD 5000 6.65
10:01:39 BRCD SLD 2000 27.18
OPEN POSITIONS:
SHORT IBM 1000 106.61 +6.61
SHORT NET 2000 23.72 +0.28
SHORT MSFT 2000 56.85 +0.22
LONG PALM 5000 4.01 -0.34
LONG .PQODY 40 1.60 -1.05
CLOSED P&L: $(530.00) OPEN P&L: $1,710
TOTAL CLOSED P&L: $29,159
Still weary of establishing any new long positions from my watch list. I will have to wait and let the market tip it's hand over the next couple days.
14:18:25 CSCO SLD 1000 16.58
11:57:18 DNA SLD 2000 50.9
10:27:12 COHU SLD 2000 27.9
10:32:23 MSFT SHRT 2000 56.85
10:23:09 WCOM SLD 5000 6.65
10:01:39 BRCD SLD 2000 27.18
OPEN POSITIONS:
SHORT IBM 1000 106.61 +6.61
SHORT NET 2000 23.72 +0.28
SHORT MSFT 2000 56.85 +0.22
LONG PALM 5000 4.01 -0.34
LONG .PQODY 40 1.60 -1.05
CLOSED P&L: $(530.00) OPEN P&L: $1,710
TOTAL CLOSED P&L: $29,159
Still weary of establishing any new long positions from my watch list. I will have to wait and let the market tip it's hand over the next couple days.
Claims Rise, Stocks Fall
Despite Dell Computer's (DELL) favorable guidance, stocks are poised to fall slightly at the open amid a much bigger-than-expected rise in jobless claims and earnings warnings from Bristol Myers Squibb (BMY) and Checkpoint Software (CHKP). Bonds rose following the claims data and world markets are under pressure.
Despite Dell Computer's (DELL) favorable guidance, stocks are poised to fall slightly at the open amid a much bigger-than-expected rise in jobless claims and earnings warnings from Bristol Myers Squibb (BMY) and Checkpoint Software (CHKP). Bonds rose following the claims data and world markets are under pressure.
The major market averages all broke support yesterday. Investor sentiment is not bearish enough to look for a bottom, so the market appears to be looking for a test of late January to mid Feb. base. The S&P and Naz are near the top of their short term channel so expect them to test the lower end. The stongest market averages, S&P small and mid cap, and Russell 2000 haven't broken down quite yet, but the weakness in the big caps will likely spill over and drag these down.
MSFT short still looks like a good play.
MO - Buy
Finishing new base after a major move up this year. This base generates a $60 short term target if you're willing to hold for a while.
Support/Stop @ 51.75
MSFT short still looks like a good play.
MO - Buy
Finishing new base after a major move up this year. This base generates a $60 short term target if you're willing to hold for a while.
Support/Stop @ 51.75