Thursday, January 25, 2007

Interactive Brokers Olympiad Day Four

New Positions:
Longs:
200 FXEN @8.10 <--Love this chart but i didn't buy enough shares
200 NCC @ 38.18 <--Earnings buy that will cost me
200 EOP @ 54.39 <--Earnings buy
200 SUNW @6.30 <--Dumb trade, gonna get stopped out in a few weeks i bet.
200 LYO @ 28.63 <--Love it
200 ABC @53.56 <--Awesome buy, just fantastic.

Shorts:
400 SIRI @ 3.75 <--Fine by me, satelite radio is in trouble.
400 AVR @ 17.42
400 ELN @ 11.95
400 SHLD @ 175.98 <--This was a combination of two glitches that could be huge for my account. First there was a trade today at 76.25 (100$ below the market price) this alerted my program to short it, clearly a glitch in the data. Second, for some reason i have yet to determine, my software failed to initiate a stop. In other words it will remain short until my software gets turned on tomorrow morning and at that time the stop will be set .50 above the market price. This means I will not be killed by the gap if there is one, a problem with a .50 trailing stop on a 170$ stock. Generally speaking this is way too expensive a stock for my program to short, a $70k position in a $100k account... But i like this short plain and simple, even if it was a glitch.

Closed Positions:
Covered 400 MU @ 13.35 -.34
Sold 200CHL @ 49.07 +.54 <--A huge gap down killed my most profitable position yet.
Sold 200 SPW @ 69.74 -.58
Covered 400 OVTI @ 11.54 -.13 <--This would have made me a ton of money if my software had been online a week earlier.
Sold 200 KKD @ 12.94 +.72 <--Nice, good job program. Buy more shares next time (+5.9%)
Sold 200 ABC @ 53.41 -.15<--This stock should have made me money, i got in too late and the stop was too tight. Damn that chart looks great, nice buy but crappy exit!

Closing Liquidation Value: $100,809 +836 <--Best day yet, and a new high!

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