Monday, October 3, 2011

Hi all....

I was out Thurs/Fri of last week so there were no trades.  The trade of the day on Friday was EK.  Fell to .54 cents on BK rumors and then bounced up to 1.18 in a/h trading.

Today, EK hit a low of $1.00 and a high of 1.63.  I am betting BK will happen and purchased some PUTs.

AMR - another stock that fell today because of BK rumors.  Also betting it will happen and purchased some PUTs.

On to trading......I traded my brains out today:

BIDU 106.35/106.15 stopped x 500 = -100
BIDU 106.16/108.84 x 500 = +1,340
BIDU short 107.50/106.49 x 500 = +505
BIDU 106.80/106.60 stopped x 500 = -100
BIDU 106.77/106.55 x 500 = -110
BIDU 105.38/105.50 x 500 = +60
FAZ 71.50/71.30 stopped x 500 = -100
FAZ 71.42/71.60 x 500 = +90
ARR 5.86/5.96 x 500 = +50
FAS 9.62/9.42 stopped x 500 = -100
AGQ 111.05/110.50 x 500 = -275 ouch
BIDU 105.65/106.85 x 500 = +600

Total = $1,860

Not too bad....so much for the probation, I traded all day....but will not be able to trade Wed, Thurs or Fri.....kids will be out for Fall break.

Have a good evening everyone!

sdh