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Jul 19th DayTrading Portfolio (Trades for Thu):

I plan to sell EBAY above 27.50 and buy 1,000 shares of RMBS. If the market opens high, I'll sell short SPY IWM or DIA, for a quick trade with a tight stop.

The 1,000 shares of EBAY were bought at an average price of 26.45, IMGN was bought at 2.95, and DIA was sold short at 110.00. Stop losses are EBAY 24.50, IMGN 2.60, and DIA 112.00.

My portfolio is about $100,000, including over $0 in cash.

Shares Long

EBAY 1,000
IMGN 5,000

Shares Short

DIA 500

Portfolio at $100,000 on Jul 1st, 2006 This portfolio will start with $100,000 cash and $100,000 margin. Support and resistance levels will be noted. Buy and sell price targets, and stop losses will be set.

Trades 16, 17, and 18 resulted in large losses from the use of stops. Trade 18 had a low stop. The stock fell slightly below that stop, which resulted in a very large loss, and then rose by a large amount. The other two stocks in trades 16 and 17 also rose by large amounts after the stop losses. Trade 11 resulted in a large loss. However, the loss would have been much greater without the stop.

Trades; Shares; Gain or (Loss); Total Gain or (Loss)

21:EBAY 1,000 Long +$100 (-$1,700)
20:DELL 1,000 Long +$1,000 (-$1,800)
19:DELL 1,000 Long +$800 (-$2,800)
18:KBH 1,000 Long (-$4,750) (-$3,600)
17:MXIM 1,000 Long (-$700) +$1,150
16:QQQQ 2,000 Long (-$1,600) +$1,850
15:QQQQ 1,000 Long +$500 +$3,450
14:IWM 1,000 Short +$500 +$2,950
13:MXIM 1,000 Long +$500 +$2,450
12:IMGN 5,000 Long +$500 +$1,950
11:KBH 1,000 Long (-$2,150) +$1,450
10:SMH 1,000 Long (-$600) +$3,600
9:IWM 1,000 Short +$300 +$4,200
8:SMH 1,000 Long +$500 +$3,900
7:SPY 400 Short +$200 +$3,400
6:SMH 1,000 Long +$450 +$3,200
5:KBH 500 Long +$300 +$2,750
4:KBH 1,000 Long +$200 +$2,450
3:KBH 1,000 Long +$900 +$2,250
2:IWM 1,000 Short +$1,000 +$1,350
1:SPY 500 Short +$350 +$350
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