Watch list results for today, 3/26/99
From an airport Hilton in a city probably near you... ;)
AU (18 7/8 - 19 9/16). Did not hit buy stop of 19 5/8. Close 19, down 9/16.
C (62 3/4 - 64 3/4). Long at 63 9/16. Close 63 7/16, up 7/16. Point loss = 1/8
CLX (117 5/8 - 120 1/4). Close 117 13/16, down 3 15/16. Did not enter.
CCUBE (19 13/16 - 20 7/8). Close at 20 1/16, down 7/16. Did not hit buy stop of 20 15/16.
EDS (48 7/8 - 49 7/8). Close at 49 1/4, down 13/16. Did not enter.
THQI (19 - 19 7/8). Long at 19 13/16. Close at 19 3/16, down 1/16. Point loss = 5/8
CHD (39 15/16 - 40 3/4). Close at 39 15/16. Did not hit buy stop of 41 7/16.
KSS (71 1/2 - 73). Close at 72 7/8. Did not hit buy stop.
TGLO (49 5/8 - 51 15/16). Short at 50 15/16. Close at 50 3/8. Point gain = 9/16
Point gain/loss for the day for the watchlist = -3/16
Other stocks mentioned:
CTL - Covered yesterday's short position at 67 3/4 by the wife. Closed up 1 3/16 at 69 1/4. Gain = 0.9375
FLC - (7 5/16 - 8 /18), closed 8 1/8, Up 1 1/8
RIG - (27 7/16 - 29 1/4), closed 28 7/8, up 2
Should've reversed all the buys today to shorts and we would be up big today. Obviously most of the buys seemed wrong from the start; most of them were gapped down by the MMs and never recovered. Others, like C and TGLO, stressed the need to take profits when you're deep in the money in an uncertain market, as this one certainly was from the get go.
As for gold, it appears that the recent push by Canada for the IMF to sell some of its gold will put a damper on gold prices for a while, once again confirming the dangers of trading gold to the long side.
Talk to all of you on Sunday.
Again, thanks to those who have sent me PMs for your support.
|
