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Strategies & Market Trends : LastShadow's Position Trading

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To: Wallace Rivers who wrote (1157)10/12/1998 4:37:00 PM
From: LastShadow  Read Replies (1) of 43080
 
Responses to Posts and PM's and email:

CMGI - I was long on CMGI (44.5)as of close Friday, and am still long on it tonight - entry was just shy of 40.

GCTY - I went long on it at 17.75 and holding it overnight (up 2)

AMAT - shorted at 17.75 and bought to cover at 16.5 (net 1.25)

DCLK - went long at 17.5 on a stop, sold at 19, although this looks to have some possibility for tomorrow if the market opens up. I just didn't think it would (1.5 points).

AAPL - went long at 37.625 and holding overnight. Last half hour downtick looked to be a shakeout to me, so I ignored it....could be wrong though...

IBM - My short stop on this one is set at 129.5, and will adjust that tomorrow morning if there is just market volatility and not definite selloff in place for IBM. This is tight.

BGEN - my short stop on this one is 68 now, and it might go tomorrow.
The P/E and today's action justifies this tightness.

Although most of the watch list had a great day, since all gapped up, they were not playable as position trades. I did set some sell stops for LU and TRB, but neither hit and they seemed to hold on.

SMAN - I can't tell where this is going, but with such a thinly traded stock, I would be real hesitant to guess on a bounce.

lastshadow

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