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	7/8/2001 9:26:45 PM
From: deronw	of 565

“Exposed by Barrons” Intraday Investments Trading Summary for Friday July 6, 2001 The Barrons comments from last weekend seemed to have been a final catalyst for NVDA’s demise. Good old NVDA split open like a ripe melon today and is in big technical trouble. Here’s how the day played out: On the long side, we bought BHI and sold it for an average profit of +0.35. We also bought BJS from the oil services sector but ended up selling for –0.42. JNPR was another long we sold quickly for a small loss of –0.22. Our Intraday scalp shorts included NVDA, FMKT, INTU, EBAY and NT. Here are the results of those trades: NVDA Short from $79.90. Stopped out at 80.75 for - 0.85 FMKT Short from $19.84 Covered half of FMKT at 19.50 for + 0.34. Stopped out of remaining FMKT at 20.40 for - 0.56. Average loss -0.22 INTU Short from $36.45 Covered at 36.44 for - 0.04 (scratch) EBAY Short from $67.10 Stopped out 67.60 for -.50. AT Short from 62.10 Covered half at 61.50 for + 0.60. Covered the rest of AT at 61.45 for + 0.65 Needless to say, the big payoff came from our swing shorts as follows: NVDA Swing Short From $88.50 We have been short since June 19. We covered one third of position on July 6 in the premarket at 82.70 for + 5.80 points. We covered another third of NVDA at 81.43 for + 7.07. The final third of NVDA was covered at 80.50 for + 8 points EBAY Swing Short From $69.35 Short from June 27. We covered half of EBAY at 67 for + 2.35. Later in the day we covered some more EBAY at 65.74 for + 3.65 points. The final portion of EBAY was covered for + 2.95 points. RVUGQ (NVDA July 85 calls short) From $8.60 We covered half at 2.55 for + 6.05 points IBMGB (IBM July 110 calls short) From $7.10 We covered half of our IBM calls at 2.60 for + 4.50 points. Although the daytrading wasn’t extraordinary, the swing plays payed off big time! It was great to see follow through on Friday. Have a great weekend! Ed, Steve & Deron General Partners intradayinvestments.com

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