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Strategies & Market Trends : Want to make $1000 a week trading.....I'm going to try!!!

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To: TraderGreg who wrote (1040)3/27/1998 3:32:00 PM
From: Mike McFarland  Read Replies (2) of 1100
 
Trades
Sold 5,000 MINE at .1575, gain $388
Sold 25,000 MINE at .155, gain $1875
Sold 15,000 MINE at .11, gain $450
Sold 55,000 MINE at .105, gain $4400
I used an average basis of .08 for all lots
--not the bad prices I got on those last two
trades, MM's are always happy to take advantage
of a beginning like me--getting out at the market
can be costly!

MINE is sinking like a rock on kinda lousy news,
although not probably fatal--blasted right thru
my mental stop loss of 1/8th, so I just put the
order in as a market, yikes!

Bought 2 Dell April 65 puts for around 2 bucks
Sold 2500 Viragen, gain around a grand
Sold 2000 General Magic, gain around a grand also

Screw this market, I like cash even more than
before...now I wait for a correction--still
refining shopping list.
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