Opening Orders - 2008

[eastside]

Quote from Don Bright:

T and AVP good + 18 cents.

Obviously another slow day, but check for imbalances today for expiration tomorrow. The "year end effect" last expiration. Tomorrow should be pretty good....then...."Happy Holidays" ...


Snow in Vegas, LOL

Don

WOW I didn't realize you got that much there thanks for posting the pic !!! Enjoy it LOL

T & TWX good today +12 +11

 

[Don Bright]

Quote from total_keops:

Don,
What products your traders trade on FOMC? (ES, Forex, ...)
Are the strategies mostly fading and trying to get in the long swings?
Is there an avantage for retail traders to associate themselves with Bright for the FOMC?
Thanks

Major stocks like GE mainly...never forex, a few trade e's.


Don

 

[EMZ]

4 fills short, 3 wins, 1 scratch, +0.05 avg

re: preopen prints
Yes another piece of info, but also highly subject to interpretation. It shows some interest in the stock, possibly due to news.
As an example, T and PRU preopen today.
T was printing around 28, bellow its projected FV. But it opened high at 28.80 for a short fill that worked out nicely. T had some general news.
PRU was printing around 29.72, above its projected FV.
It opened even higher at 29.95, it quickly printed very few shares a bit lower, then it run up and did not look back. PRU had no news.

 

[jodistrict]

17 orders, 6 fills. , 4 wins , 2 loses. Wins: T, DIS, DD, MRK Loses JNJ, KO. I lost the most on JNJ which kept going up. I could have gotten out of KO at a profit but got confused with the controls and ended up buying 1000 more shares. Got PL of $65 but when include commission lost $25. Per share: 007222

 

[JPRDT]

JNJ and PRU both destroyed me today, without any news before the open! Besides the announcement (which was later in the morning) does anyone know why these went so crazy?

 

[JPRDT]

Quote from Don Bright:

.

but check for imbalances today for expiration tomorrow. The "year end effect" last expiration. Tomorrow should be pretty good....then...."Happy Holidays" ...


Snow in Vegas, LOL


Don [/B]

In my limited experience I have noticed Expiration day to be good, but I thought it was just a fluke, historically has it been good?

 

[jodistrict]

If I would have waited - KO broke even at 9:38 and JNJ broke even at 12:45. I could have made 40 cents on KO. It's hard to tell how long to wait.

 

[total_keops]

Quote from JPRDT:

JNJ and PRU both destroyed me today, without any news before the open! Besides the announcement (which was later in the morning) does anyone know why these went so crazy?

We just said that sometimes it happens for no real reason. Play the numbers. Loss happens.

 

[total_keops]

Quote from jodistrict:

... JNJ broke even at 12:45. It's hard to tell how long to wait.

Could you have sustained that up move not knowing it would go back down? We have to make decisons based on current info, no cristal ball.

 

[Don Bright]

Only 4 fills, 3 winners +10 cents....


A bit disappointing for expiration day...hopefully end of day will be good. S & P adds/deletes might help.

All the best everyone...

Don