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FREE
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Welcome to

C's Picks

Email C click here!

Ensure positive market direction before initiating any play...

 

5/28/99 05h30 CST

Yesterday the market was surely in turmoil. The Dow plunged while the

Nasdaq barely moved. It seems the FED might raise interest rates at next

month's meeting, at least according to a FED Watch Firm. Anyway, the market

did manage to reach 2440 at it's peak around 11:00 and then proceeded to

drop to a low of 2400 around 1:25. This gave us the 40 point move for entry

by "Trade Commander"*** We waited for the 5 point reversal which came at

1:32 completing the entry requirements. We traded the same stocks as usual

and these are the results:

AMZN

Long @ 115 1/8(1:32) Out @ 116 3/4(3:30) Profit:

$148.50

CNET

Long @ 100 1/4(1:32) Out @ 101 3/4(3:30) Profit:

$136.00

EBAY

Long @ 169 1/2(1:32) Out @ 175 7/16(3:12) Profit:

$579.75

PCLN

Long @ 110 5/8(1:32) Out @ 112(3:30) Profit:

$123.50

RNWK

Long @ 67 3/4(1:32) Out @ 68 1/4(3:30) Profit:

$36.00

VRSN

Long @ 108 1/2(1:32) Out @ 111 3/4(3:30) Profit:

$311.00

YHOO

Long @ 134(1:32) Out @ 136(3:30) Profit:

$186.00

Total Profit: $1520.75 Return on Investment: 1.89%(378% anualized

without compounding)

Even in the turmoil of yesterday's sideways market, Trade Commander made 7

trades, all winners.

That puts it's stats at 12 for 14.

No new trades were made yesterday.

There was an error in yesterday's MSFT bull spread. We are into the 80/85

spread and not 80/80.

Summary of current holdings:

MSFT

Long 5 June 80 Calls

Short 5 June 85 Calls

DELL

Long 5 June 35 Calls

Short 5 June 40 Calls

DRMD

Long 200 shares

Market opening will be real interesting. We are looking to get out of our

MSFT and DELL trades when the stock hits 85 and 40 respectively. DRMD we

are looking to sell @ 16.

Trades for today:

Watch the market closely. Confirm the 40/5/5** entry before playing.

Our "Seven Pilars" can be traded upon entry.

Right now we are spending a lot of time getting ready for the web site

launch and thus we are putting new picks on the backburner a bit.

AS ALWAYS, THE STOCK PICKS ON THIS PAGE IS NOT FINANCIAL OR INVESTMENT

ADVICE. INSTEAD, ANY OPINIONS EXPRESSED IS SIMPLY MY REFLECTION OF

CIRCUMSTANCES AS I SEE THEM. ANY STOCK PICKS IS NOT RECOMENDATIONS, BUT

RATHER STATEMENTS OF WHAT I AM DOING WITH MY ACCOUNT. DO YOUR OWN RESEARCH

BEFORE INVESTING. AFTER ALL, IT'S YOUR MONEY!

Prosperous trading to you all...

C

*DT - Day Trade

*STP - Short Term Play

*HTE - Hold Till Expiration

*SP - Speculative Play

*SS - Set Stops

*EPMDBP - Ensure Positive Market Direction Before Playing
 

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