PeakTrader.com

[administrator]

Jul 25th DayTrading Portfolio (second update):

I bought to cover 500 shares of MS at $31,850 [63.70, for $200 gain], and sold short 500 shares of MS at $32,300 [64.60].

I plan to sell the EBAY shares on bounces, perhaps above 25.75, and wait for a pullback to buy EBAY again. Also, I plan to sell short DIA or MS. If IMGN rises to 3.10, 3.15, or 3.20, I'll sell. If MS pulls-back to 63.70, I'll cover half of the shares. QLGC and AMZN report earnings after the close Tue. However, those trades may be too risky, although both may rise somewhat before the close.

The 2,000 shares of EBAY were bought at an average price of 25.75, IMGN was bought at 2.95, and MS was sold short at an average price of 64.10. Stop losses are EBAY 21.00, IMGN 2.60, and MS 66.10.

My portfolio is over $95,000, including about negative $35,000 in cash.

Shares Long

EBAY 2,000
IMGN 5,000

Shares Short

MS 1,000

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

26:MXIM 1,000 Long +$200 (-$1,800)--Total Commissions: (-$520)
25:EBAY 1,000 Long +$500 (-$2,000)
24:RMBS 1,000 Long (-$1,400) (-$2,500)
23:IWM 1,000 Long +$350 (-$1,100)
22:DIA 500 Short +$250 (-$1,450)
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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