Intraday Investments Trading Summary - Friday, June 1, 2001
Right after the open, we made a profit of 1.5 points from our two overnight positions from Thursday, which consisted of RBAK and AFCI (both long). We scratched on the AFCI trade and realized a nice gain on the RBAK gap-up. We also closed the remaining (small) portion of our NVDA trade with a small loss, and got stopped out of our ATVI overnight short with a 1 point loss.
Intraday, we traded BAC short, WMS short, PWER and NTAP long, and CEFT short. We made about 80 cents profit on the BAC short, are still holding WMS short over the weekend (breakeven so far), lost 65 cents on CEFT short, lost 70 cents on the NTAP long, and are up 30 cents on PWER and still holding over the weekend. We also gained an additional 2 points of unrealized profit on the KKD short calls, which are still open.
The volume in today's session was very light, which made it challenging for us to find follow-through price action in many of the trade setups that we stalked. All in all, the day was basically a scratch for us, but we kept ourselves and our clients out of trouble by not being too aggressive on either side of the market.
We expect the volume to return to the markets on Monday, and we will update you on Monday's results.
Deron, Steve, and Ed
General Partners
intradayinvestments.com |
