Thursday, August 7, 2008

8/7 Day/Swingtrades

Today was boring up into the close. I took one daytrade on SKF and fortunately closed it out near the high of the day.


SKF
Bought @ 120.70, shares
Stop @ 119.90
Sold 1/2 @ 123.30, Closed position @ 125.06
Profit - $3.48 on total position




Swingtrades

POT - I sold this position when 180 could not hold in the AM
Bought @ 169.28, 177.00 & 180 - Aug 170 Calls
Sold @ 179.90
Profit - $5.00 on 1st lot, $2.00 on 2nd lot and flat on 3rd lot


SHLD - This one dipped to 86.00 but I'm not quite ready to let this go yet. I still have the Aug 95 Calls that I bought with some of the profits from the big move. I'll put in a hard stop at 85.90 in case the market shows more weakness.


CALM - held up pretty nicely today but it won't take too much volume to pull this back down. I'll put in a stop @ 41.40.


WM - I was disappointed to see this get dragged down as it traded all the way up to 5.50 in the early AM. I'll close the position below 4.90.

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