1/3/2008

Wow 2008 already, the past year has definitely been volatile and the first 2 days of the new year continues the beat. This year I'm going to start something new on my trading blog, instead, of writing down my trades I'll write down what I'm grateful for during the trading day. Today, traded grmn 3 times, made $2, $3, and then $100 and hold the remaining half till tomorrow. I was just lucky enough to catch the last upward leg. That is it for today.

11/7/2007

Wow the bears are out and running loose again with the same old news ( credit crunch, weak dollar, high oil, and recession fear). But this time I think they are starting to get hold of the bulls because the s&p 500 cross the infamous 1490 line and I'm starting to feel the fear. However, the heavy techs are still quite strong, such as goog, bidu, aapl, and rimm are still way up in percentage gains since Sept. So once these heavy tech titans start to crack , I'll be there to short it. Yesterday, covered all my bidu for +1.75/share, finally it came down below the 400 mark but rally up again. I have no more shorts to covered. Daytrade isrg for +4/share today when it came down to the 308 and bounced to the 312 level. Long on grmn at 91.13 , this stock is down because of the bidding war with TomTom for TeleAtlas, fundamentally it is a great stock. Man if they retrack there bid it can easily move up 5 points, so will continue to add to my position. Tomorrow should be choppy again with not so great guidance from csco and aig.

Long
vmw 84.50
grmn 91.13

11/5/2007

Well another volatile Monday , down, up, sideway, up , and down near the end. The bulls are definitely trying everything to finish the year strong and after the ISM service numbers. Well covered all my goog for -15/share loss on Friday, this stock is very resilient and full of bullish momo, basically not stoppable. I started a short on baidu at 400 and start to feel the pain again. I just don't know why all these search engine stocks are on steroid like the internet bubble craze day all over. Baidu will definitely retrace below the 400 level, but when will it happen? If it doesn't by the end of the week, I'll have to take a loss on this hyper stock.



Long
vmw 84.50
Short
baidu 400

11/1/2007

I just don't know why the market moved so much downward today. I meant the negative news were just old news we all heard of before ( financials are terrible with the credit crunch and oils at record high is not helping all the oil stocks). Exxon Mobil and Citigroup pretty much dragged the whole market down. Fortunately, I was able to played grmn for +1/share and covered another quarter of my position on goog for -12/share. I'm really hurting on goog, but I think the tide will turn. As for tomorrow, it will be a huge day on the unemployment front and definitely move the market.


Long
vmw 84.50
Short
goog 90

10/31/2007

Well it wasn't a spooky day after all, but the bulls sure came out to ring in the last day of October. I'm partial on this rally , while it benefits my vmw, I'm just getting kill on goog moving higher. I sold out of the remaining of slb for -5/share, this stock was under pressure since yesterday's Goldman Sach's call on the oil sector. So let see will there be follow through for tomorrow.


Long
vmw 84.50
Short
goog 90

10/30/2007

Well everyone is waiting for the Fed and it was another volatile whipsaw day. Started with a down day then some upward movement, then side way, and finally down in the last 30 minutes. Today was just terrible, shorted goog too early at 90 and covered a quarter of my position for -5/share. GOOG is just one amazing upward momentum stock, just didn't wait for the retracement or signs of retracement before I entered the short. I tend to always jump in too early and it is very frustrating. Also sold partial position on slb for -5.42/share, broke below the 97 level which was one of my stops. If it closes below 96 tomorrow I'll close out the remaining position. Basically I'm just taking the lost and building up cash for either a huge shift up or a tremendous down wind. It will all depends on the 1315 hour tomorrow.


Long
vmw 84.50
slb 101.42
Short
goog 90

10/26/2007

Another wild and crazy roller coaster ride. I sold out of vsea when it came back down for a pity .10/share. It seems like a waste, but it dropped another 6 points after hour, so not that bad after all. I think everyone is just waiting till the Fed's announce on Halloween before they commit further cash, thus for the market volatility. So onward to next week.

Long
vmw 84.50
slb 101.42
amzn 94