JDSU, SUNW, NVDA, QCOM & AMAT after this market is completely washed out, which we're not there yet.
TODAYS EXECUTIONS: 15:55:07 IBM BOT 3000 69.70 15:35:36 QCOM SHRT 3000 26.81 15:32:53 IBM SHRT 3000 70.20 15:31:41 MCD SLD 3000 28.85...
Covered 3K IBM @ 69.70 + .50 points
Short 3k QCOM @ 26.81 (swing)
This stocked gapped down .40 in 10 seconds! I don't see any news.....
Short 3K IBM @ 70.20 (swing)
Closed 3K MCD @ 28.85 - .16 points
IMO - Looks like everyone is getting suckered into this false rally. I'm covering my MCD long soon and taking a few shorts overnight. A lot of...
Long 10K JDSU @ 2.28 Total Position: Long 20,000 JDSU @ 2.42
I was busy trading futures and didn't look at AOL news first... Thanks.
Closed 4K AOL @ 13.39 - .41 points
Long 4K AOL @ 13.81
Short 1,000 BVF @ 27.28 Total Position: Short 3,000 @ 27.35
Short 2k BVF @ 27.38
IMO- QCOM - BUY Reasoning: after a double bottom bounce QCOM is ready to rally....expect a pullback to test support areas Stop: $24.50...
Closed 4K MO @ 43.80 + .35 points
Long 4K MO @ 43.45
Assuming the market holds it's current ground going into the Fed meeting this afternoon, I still anticipate a rally after Greenspan speaks....
Closed 3K MSFT @ 52.04 + .50 points
Long 3K MSFT @ 51.54
Separate names with a comma.