Wow, another great day!
GM turning into a little cash machine! I am 1/2 off the table with 100% profits on several puts so everything else is a free ride now.
Ebay is getting closer to the 50 dma of $40 where it will be a definite buy.
DHI went up 2.3% but, like I said, too risky to trade that sector atm.
MSFT, Yahoo and Goog all up nicely on WSJ article.
BCRX was a good in and out for 10%. I do not like this trade again until after Friday, then we have to take another look.
MOT up 1%.
SNDK was down $1.25 but finished up .64 – this is why we use stops!!!! I caught a nice bottom there.
RIG exploded 4% with oil (last week’s trade). Really, really set super tight stops here.
GOOG – boy did I nail that one. Now the question is will it actually break $400. I say yes tomorrow but it still looks like a downward correction from there.
AXP was my best in and out all week – 250% in 24 minutes!!! News trades are my favorite but notice how stop discipline saved me from disaster.
JNJ was hard to trigger but I did get in @ $295 when the Dow was positive and I have plenty of faith in it hitting the $3.60 target tomorrow (option closed @ $3.30 which is already 10%). The stock was held down this afternoon by a Barron’s article in which Hilliard Lyons (let’s send a Baahh, her way) downgraded the stock (and I think I am following her logic) because she felt that J&J should have paid $2 MORE for Guidant.
http://online.barrons.com/article/SB113215789237799060.html?mod=9_0030_b_online_exclusives_left
I really can’t tell, please let me know if you can figure out what the heck she is thinking here!
All in all a great day.
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If any hot shot programmer can help me set up an online spreadsheet, I would love to post the active virtual portfolio for this site.
Let me know,
– Phil
