2/23/2005
Mixed day for me.The nasdaq is just not ready to rally, maybe mixed from here on out till next month. I watched crdn, went up today but I was hesitant even though it hit my target. What made me not to buy was the unknown of the earnings date, I'm hearing it may not be tomorrow. But, I'll watch the action again tomorrow. I was lucky I didn't pull the trigger on adbl, class action suits came out this evening. Tomorrow, I'll watch fwht ( major sold off this evening, will buy if it touches 10, risk is only 1 pt.), and sgms ( internal control problems, will see how it reacts tomorrow then will decide to short). Need to load off on my loser, but I'm thinking the nasdaq will rally next month and miss the run up on my current positions. Currently over exposed and have only a small cash position to initiate any new positions.
Trade: none
watch: fwht, sgms, crdn
Current position:
syna -6/share
driv -2.40/share
snda -5.90/share
insp -4/share
ccmp -1/share
aapl +26.75/share
cree -12.20/share
plmo -7.15/share
posted by wb @ 9:13 PM
2 Comments:
Did you short CREE, PLMO, DRIV, etc...all the stocks down on your positions?
Unfortunately, those are my actual unrealized gain/loss per share. I know I should be dumping my losers, but I'm waiting for them to move up a little bit more before I take the loss. Maybe you can be my risk manager, and once in awhile bust my chops for not taking these loss earlier.
Thanks,
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