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Pastimes : Trade Blogg Ideas Inter Alia -- Ignore unavailable to you. Want to Upgrade?

To: Rutgers who wrote (222)	4/12/2006 6:01:57 PM
From: Rutgers	Respond to of 285

Trade Alert - decided not to wait any longer Closed the baaad BOOL trade at ~46.20. Obviously, things did not go right. In retrospect, I closed the AIG short too early, i.e., before it hit my pre-determined cover point (which it hit two days after I covered). But I still don't necessarily regret the decision inasmuch as at the time, I was looking for the snap-back rally....The problem was that mgt pulled the ol' double-whammy trick, which caused the stock to gap down big. So, a stop wouldn't helped here. The only good news is that this was a relatively small position. Other than avoiding falling-knives, there is not much else I could've done differently. This is part of the game. Like my man slammin' Sammy Snead was famous for saying, "You gotta dance with who you brung." Responding To Message #222 from Rutgers at 4/4/2006 5:46:38 PM AIG Trade Alert - and new trade alert closed out the AIG SHORT position at ~$65.90 New Trade Alert - This is from Cramer. I have been following his posts as he continues to purchase BOL as its slide has continued to spiral downward toward $60. I studied the chart and it looks to me like the $60 level should act as support. Thus, I took some at ~$60.56 looking for a snap-back rebound off the support level. It closed at the LOD, which is not a good sign in terms of catching the proverbial knife. Anyway, if things go right, this trade should be closed this week - if things go right... Responding To Message #203 from Rutgers at 3/17/2006 8:41:33 AM New Trade Alert - Took a half-position in AIG on the dark side at ~ $68.26. They reported a bad quarter last night. Here's a blurb. biz.yahoo.com "Of companies in focus, American International Group said late Thursday that its fourth-quarter profit fell 72 percent after booking more than $2 billion of charges for regulatory settlements and increased reserves. The insurer may also soon be facing a bigger rival, if a report from The Wall Street Journal that St. Paul Travelers is looking to buy Zurich Financial comes to fruition. Zurich shares rose as much as 12 percent on the report."