DAYTRADING/SWINGTRADING STOCKS with INTRADAY INVESTMENTS Message Board

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Strategies & Market Trends : DAYTRADING/SWINGTRADING STOCKS with INTRADAY INVESTMENTS

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To: - who started this subject	7/7/2001 6:30:05 PM
From: drfibo	of 565

“Short to get hot…Short to stay hot” Intraday Investments Trading Summary for Thursday, July 5, 2001 Who would have expected this supposedly sleepy holiday week to turn into a wonderful down trending event? It was great feeling coming into the market short today and great to finally see a trend! Our swing shorts are finally paying off. Ebay lost support at 67.50 and NVDA is on the ropes. Both stocks closed almost at the low of the day. We are carrying these positions overnight and should see follow through to the downside on Friday. Intraday, we shorted A, LXK, UNH, EMLX, and HD. Below are the trading results for each of these trades: Covered half of A at 31.98 for + 0.37 and the rest at 31.75 for +.60 Covered half of LXK at 65.10 for + 1.1 and placed a trailing stop on the rest at 65.20. The stop was hit at 65.20 for +1 on the rest of the position. Covered UNH at 62.10 for a - 0.15 loss Covered EMLX for an average profit of +.73. Covered HD for a scratch at 46.50. Our long plays on the day include BRCM and SLB. Although BRCM was showing signs of relative strength, the futures began to roll over and we sold for +.07. SLB rallied nicely even in the face of a declining market. We sold half of the position for +0.44 and placed a trailing stop on the rest. The stop was hit and we sold the rest of SLB for +0.09. All in all, the profits were decent on the day trades but the real payoff should come Friday when we begin covering our swing shorts in NVDA and EBAY. Ed, Deron & Steve General Partners intradayinvestments.com

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