Positions going into 8/17

[whodi]

Holding Positions in:

GTXI-PRICE 19.87 5,000 SHARES- Closed at 17.70
WOR-PRICE 22.55 10,000 SHARES- Closed at 20.50
OVTI-PRICE 17.95 10,000 SHARES- Closed at 17.34
EMC-PRICE 18.44 10,000 SHARES-Closed at 18.19
NUAN-PRICE 18.53 10,000 SHARES-Closed at 17.65
NTAP-PRICE 25.85 10,000 SHARES-Closed at 25.27

Todays Action:

I bought 10,000 shares of NTAP.

I daytraded GOOG for a profit of $4,375.

I daytraded VMW 4 differerent times for a buy for a total profit of $32,600. This stock has been my money maker the last 2 days. Was shorting it yesterday and buying up today.



After todays trading session, I made profits of $36,975 increasing this weeks profits from $65,550 to $102,525.

[sesh]

*jaw drops*

Nice!

[KellosJ]

Big day tomorrow whodi...will you stay in those positions if he market drops another 300 tomorrow?

[whodi]

I don't expect the market to be down 300 tomorrow, but it depends how they hold up. My stocks have held up well and rebounded nicely. If I think its time to cut my loses, then I will sell. I will just have to wait and see my friend.

[Goods]

Congrats on another great week so far my good man.

Let me ask you, the book I'm reading describes using 2 moving averages while watching your chart. Looking for a cross in the averages as an entry point. I'm not seeing what the guy's describing being worthwhile for the 1 minute charts we're normally watching. Better for longer trades. Do you use anything like that?

[whodi]

Originally Posted by sesh

*jaw drops*

Nice!

thx Sesh

[whodi]

Originally Posted by Goods

Congrats on another great week so far my good man.

Let me ask you, the book I'm reading describes using 2 moving averages while watching your chart. Looking for a cross in the averages as an entry point. I'm not seeing what the guy's describing being worthwhile for the 1 minute charts we're normally watching. Better for longer trades. Do you use anything like that?

Thx Goods, this week has been a tough one to guage for me. I am glad I found VMW to help bring some strong profits home. Any time you get a cross in the averages, thats obviously a good thing but it holds more value long-term in my opinion if you looking at a chart on a 1 month, 3,6 or 1 year chart. Then I would load up on it for a swing trade to see what type of run it has in it along with daytrading it. As for the 1 minute charts, if it crosses thats still a positive sign but doesn't hold as much weight in it, so to answer your question, take it more to heart on the longer scale of technicals and not the 1 minute technicals.

[Goods]

Thanks bro. That's what I was thinking.