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Tuesday, April 04, 2006

Tuesday Market Recap - Good, Bad, Great...

Good
I made my first decent profit from trading the e-minis today. I made one trade for +20 points, which was a profit of $287.28. Not bad, but I still have about $1100 to make up.

Bad
AAPL beat me up today. It started out with the overnight position of 500 shares. I don't know why I needed to gamble like that. I lost $370 right out of the gate. Then, I made about 15-20 trades, most of them being losers for -$100 or -$200. Net loss from my AAPL trades today? -$1595.75 (you like how I hid my losses deep within this blog entry?) I friggin hate AAPL. If I had a bat,I'd make some AAPL pie with it...

Great
My 10 GOOG June $400 calls went up $8.20 today, which means that I'm $8.2k richer, on paper. I'm starting to like GOOG a little more now.

So, I'm still holding my 1300 shares of NMGC. It doesn't look good though. It's not good when the stock continues to make new lows, but I guess this was somewhat expected after it dropped through the $6.42 support level. Next stop will be $4.50, then perhaps the gap fill at $3.98. It kinda sucks when you know a stock is gonna hit those levels, yet you don't want to sell it.

Then again, if I would've bailed on my GOOG June $400 calls when GOOG went down to $333, then I wouldn't be up $17,000 right now. Longer term means longer term I guess. I'll be patient.

Okay...so, here are my current holdings:

Shorter Term (15 minutes to 5 days)
1000 AAPL at $61.36 from 4/4

Longer Term (2-5 months)
1000 CALM at $7.35 from 3/27
1 GOOG June $400 Call at $22.00 from 2/22
1 GOOG June $400 Call at $18.80 from 3/7
3 GOOG June $400 Calls at $14.30 from 3/9
5 GOOG June $400 Calls at $10.80 from 3/10
1300 NMGC at $6.69 from 3/8

2 comments:

Rockmann said...

Way to go Boog, those GOOG calls are setting you up for a nice profit. I would have ailed 10 points ago, way to hang in there.

boogster said...

Thanks man. Live and die by the sword.