Monday, August 06, 2007

 

Buy - 1 SHLD Sep 130 Put @ 7.90

Not sure what I'm doing here.. I was too late to the AAPL long party and too late to the SHLD short party. Two big bad trades in a row...not good!
It's funny ... it's so easy to lose money so quickly, yet so difficult to make it back.

135-136 looked like support to me a few days ago, if it goes above that, I'll close this position.

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i'll tell you what, it's a good thing that we're only trading our own money! i butchered my NOV trade. bought @ 4.7 friday to have it as low as 2 (i think). today it was up and i sold before Berneke for 3.5. just to have it go up over 5 by the end of the day. idiot!
rumor has it that IBD says we're back in a rally??
what are you thinking?
j.M
 
hi j.M, Sorry to hear about your NOV trade. It happens.
Still not sure what this market wants to do. I don't even think I can plan a day ahead, have to see what the market is doing on that day itself to trade..
Aj.
 
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