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Strategies & Market Trends : Working All Day, But Trading Behind the Bosses Back Thread -- Ignore unavailable to you. Want to Upgrade?


To: Steve Smith who wrote (179)1/27/1999 10:20:00 PM
From: Mark[ox5]  Respond to of 779
 
LOL, Im hot right now (don't curse me Steve, the market loves to humble those on a hot streak)... this has been an incredible month. Now if I could just avoid getting tempted by these daytrading stocks that I'm always too late on (OPEN, ITEC, RNET) etc I'd be in good shape... too much gambler inside me.

Closed out a lot of positions today...
SUNW closed (10% in 3 days) good position trade - would love to get back @ $103
OPEN closed (lunch money) done with this
BRCM Feb 130 CALLs sold (in at 18, out at 27+) 1 week
CMGI Feb 70 CALLs sold (in 28, out 38) 1.5 weeks

YHOO retraced at end of day like I thought it would close to its 5 day.... and bought the
YHOO Feb 370 Calls at end of the day for 29 5/8... if AOL didn't report such good earnings I'd think we'd see some more downside on the internets tommorow. But could see another gap up now tommorow.

Also bought back some CMGI options at end of day: Feb 80 CALLs @ 26 3/8

AOL had good earnings... AMZN held above its support level, EBAY crazy

Holding:
YHOO Feb 370 Calls
CMGI Feb 80 Calls
BRCM May 130 Calls
BCST common (boatload)
ABOV
NAVR

also INSGY and probably will get spanked on the RNET... by the time I drove back to work it was already up to 1 7/8 and down to 1 1/4. LOL

Considering more YHOO calls if it drops down 10-15 pts tommorow AM
Also, BRCM Feb 130 options...

Calender & why Im buying these options--
2/8 YHOO split
2/9 (sometime before this NAVR should announce IPO officially)
2/12 BCST split (common stock)
2/17 BRCM split
CMGI just because its undervalued compared to other Internet stocks.

Nice support on YHOO, BCST, BRCM, BCST at this point. Amazing how these interets trade on their own schedule... I dont even monitor the market as a whole anymore. They trade independent of the market most days.

Mark



To: Steve Smith who wrote (179)1/27/1999 11:02:00 PM
From: Mark[ox5]  Read Replies (1) | Respond to of 779
 
Just to show you how good the month has been, a penny stock I am in which I have held at a huge loss for 8-9 months... has suddenly gone from .10 (which is where it sat for a few months) to .40 in 2 days...

LOL

Mark the guy running out to play LOTTO!