The adventures of a new Trader

1/18/07

Short 130 CAH @ 68.87

1/19/07

Cover 130 CAH @ 69.52

profit: - 98.50



stops: 69.55 (.55) not sure why my broker took me out 3 cents under my order.... hmm

PT: 67.80 (1.07)

review:

Tried to short, but I got stopped out. I still think it's over priced but I'm moving on to other things. Oh well, I tried.
 
1/11/07

Bought 100 ISRG @ 90.65

1/19/07 ( 8 day hold)

Sold 100 ISRG @ 93.47

profit: + 333.00 after coms

PT: 95.00
Stops: I never placed any...YEAH, I know... :(

review:

I caught this one on the DAY of the break out..sweet. I would have liked to hold this longer, but the last 4 days just killed my patience. I'll buy again when the trend resumes upward. I never put in any stops... I need to start doing that.

My trade in VLO is looking pretty good as well.

cm69
 

Attachments

1/19/07

Short 120 YHOO @ 27.70

1/22/07

Cover 120 YHOO @ 27.36

profit: (.34) 26.80 after coms

review:

I expected yhoo to fall more than it did today, had it done so, I probably would have held a lil while longer. Also I wanted to free up some money to play AXP's earnings today after hrs. No stops were placed on this trade however my PT was 27.00. It seemed to me that 27.00 was probably not going to be hit so I got out early.
 

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Geeze, doing the TA on these charts takes for ever, but I found two that I think are worth looking at.

1. DNA ( GENENTECH )

DNA has risen past its prior resistance at 86.50, but is now highly overbought. MFI gave a reading of 90, but the stock continued to rise for the next five days. MFI is now reversing and I think price will follow. ROC has also spiked at over 11. a 2.30 PT on this stock doesn't seem unreasonable, and very likely to happen.

Earnings have already been reported

2. CAT (Caterpillar)

CAT reports their earnings on Friday, which are expected to be positive. On the technical side, CAT has broken its daily support level of 59.90, and there's a descending triangle forming on the 15 min chart. Yesterday on Monday, Boeing came out with some bad news that sent the industrial goods sector into the red. I'm not going to do anything until after earnings.
 

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1/11/07

Bought 100 VLO @ 49.89

1/26/07 (12 day hold)

Sold 100 VLO @ 52.17

profit 214.00 after coms

review:

I sold because when I went short DNA, I didnt think i had enough money in my account, but I did, so I bought back 100 VLO just seconds after selling the above position. I'll post a chart later.
 
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