Thursday 31st January 2008

Sold 100 MA in Pre-market for 195.45. I just couldn't wait the extra 4 hours it took to get back to even. Bah!

-$2080

Sold 90 MA

Today i sold 90 MA on the fact it bounced 20+ dollars in a couple of hours. I got out at 193.57... still a steep loss.

-$2042

Sold 10 MA

I sold 10 MA today at 176.08 to avoid taking a Margin Call... this ain't looking good now. I'm holding down to the 150's if need be.

-$403

A fast death...

Obviously holding on to the MA trade wasn't a good idea. After the initial decision to wait until the earnings release at the end of January, on Friday when I checked the close (obviously I haven't been trading due to falling wayyyy below the margin requirment) and saw that MA had dropped a tender 20 points, I was obviously left with nothing to do but hold it out and probably not trade for a very long time. I never do learn my lessons, but one thing I have leanrt is never wait till it goes wayyyy down, then sell it. If MA gets above 210 on earnings I'll sell it. If it gets anywhere, I'll probably sell it. If it goes down further, I'll just be waiting for the call...

Wednesday 2nd January 2008

Crack! Do I hear glass shattering? Oh no, it's just my account dying quickly... I never learn old lessons. TRIN > 1.2, $INDU down, and I go long on GS... and keep long, till the end of the day...
I have a long position in MA as a swing trade... I'm out if if jumps above $220.

$-985