my trading...

[reid5525]

Quote from sobemark:



01/14/2005 09:33:31 CREE CREE INC B 200.000 26.40000 -5,280.00

01/14/2005 09:33:31 CREE CREE INC B 800.000 26.39000 -21,112.00

01/14/2005 09:43:48 CREE CREE INC S -1,000.000 27.00000



You must have been following CREE very closely to catch it at $26.40 when it reversed at 9:32 from the pull back at 9:31.

This is the chart I'm looking at:

http://cbs.marketwatch.com/tools/quotes/intchart.asp?symb=cree&sid=9939&freq=9&time=1dy&siteid=mktw

 

[reid5525]

Quote from reid5525:

Quote from sobemark:



01/14/2005 09:33:31 CREE CREE INC B 200.000 26.40000 -5,280.00

01/14/2005 09:33:31 CREE CREE INC B 800.000 26.39000 -21,112.00

01/14/2005 09:43:48 CREE CREE INC S -1,000.000 27.00000



You must have been following CREE very closely to catch it at $26.40 when it reversed at 9:32 from the pull back at 9:31.

This is the chart I'm looking at:

http://cbs.marketwatch.com/tools/quotes/intchart.asp?symb=cree&sid=9939&freq=9&time=1dy&siteid=mktw

 

[reid5525]

Also, what type of buy order did you use to buy CREE at 26.40

 

[chrisofj]

I was just looking at fading back to the mean rather then thinking some anomalous movement wold continue. IE a breakout is actually anomalous but things consistently will fade back to the mean like a moving average, especially when the volume dries up. I was wondering how you decided to take this approach, have you previously ever tried trading chart patterns etc?

 

[reid5525]

Break-neck trades in the early volatility are not for me. Slower moving action later in the day when the market has settled down is more to my liking, like APCS when it broke above 12.50, Friday:

http://cbs.marketwatch.com/tools/quotes/intchart.asp?symb=apcs&siteid=mktw&dist=mktwqn

 

[reid5525]

Newbies can note that at 12:50pm APCS was doing 1.3ml shares on an avg daily vol of 2ml shares, signalling above average buyer interest. Not a guarantee that the stock would go higher, but a good reason to give it a shot.

 

[reid5525]

My previous post had said 1:30pm. The correct time is 12:50pm which it now reads.

 

[sobemark]

Quote from reid5525:

Also, what type of buy order did you use to buy CREE at 26.40

following CREE premarket and had a pre-determined entry strategy ...

always a limit order

thanks for the comments

 

[sobemark]

Quote from chrisofj:

I was just looking at fading back to the mean rather then thinking some anomalous movement wold continue. IE a breakout is actually anomalous but things consistently will fade back to the mean like a moving average, especially when the volume dries up. I was wondering how you decided to take this approach, have you previously ever tried trading chart patterns etc?

yes ...that is the basic concept i use every time i trade ...

the previous two examples fom last week were super gap fades but using the same strategy i described in the earlier paragraphs ..

i will post my trades this week ...

thanks for your comments )

 

[sobemark]

Quote from reid5525:

Break-neck trades in the early volatility are not for me. Slower moving action later in the day when the market has settled down is more to my liking, like APCS when it broke above 12.50, Friday:

http://cbs.marketwatch.com/tools/quotes/intchart.asp?symb=apcs&siteid=mktw&dist=mktwqn

APCS nice trend ... yes i can see this to be a nice trade ... this is a strategy i do not employ, since my tactics are contra-trend ...

but, trading is not black and white ... only green and red )

thanks again for the comments ..