The AMAT shares I bought at 27.5 and 30, I am holding, LT (= next cycle top= 2004???). The shares I just bought at 42, are a ST trade. I've already placed the order to sell them at 45.
Basically, I am holding onto the lowest-cost lots of everything I bought in last October's panic selling, in AMAT and NATP and QCOM and others. The higher-cost lots, I've been steadily selling into strength, and using the funds for ST trading, just playing the channels and making money on the volatility. Covered my last short at the close today (CMH, at 15). Went long a few more EMC 2004 calls, with the stock at 15.
When I decide, and am sure of my decision, that we are back in a new Bull Market, then I will go back to all long, and all LT, as I was for years. |
