I had my chance to sell DRIV at 10 1/2 for a 1/2 profit but no I got greedy and lost a 1/2. I got a point out of shorting CMGI, could have done much better though, covered at 74. I'm going back to my favorite trading stock, MSPG, it's got about a 3 point daily trading range.
DATE CLOSING PRICE OPEN HIGH LOW VOLUME
-------- ------------- -------- -------- -------- -----------
8/19/98 41 5/8 44 1/4 44 1/2 41 1/16 761,300
8/18/98 42 5/8 39 7/8 43 3/8 39 1/8 952,200
8/17/98 39 1/2 40 1/8 40 5/8 39 809,300
8/14/98 41 42 7/8 43 1/4 40 634,900
8/13/98 42 1/8 42 3/4 43 3/4 41 3/16 518,200
8/12/98 42 15/16 42 3/4 43 7/8 42 1/8 850,700
8/11/98 41 13/16 40 1/2 43 3/8 40 1/2 1,369,600
8/10/98 43 11/16 44 3/16 44 7/8 42 996,400
8/07/98 43 9/16 43 15/16 45 7/8 41 1/4 2,625,100
8/06/98 42 3/4 40 1/2 43 1/2 40 1,426,200
8/05/98 41 13/32 40 1/4 41 15/16 38 3/4 1,873,500
8/04/98 40 7/16 40 7/8 42 38 2,185,100
8/03/98 39 39 1/4 40 5/8 38 1/2 1,165,300
7/31/98 40 3/4 43 5/8 43 11/16 40 1/2 1,788,300
The market looks weak, the A/D and Breadth look pretty bad. At this time though the Hang Seng is up another 208 points but Russia continues to fall down another 6 %. I think tomorrow will be another down day. Look to buy MSPG around 40.
Nigel |
