Thursday, April 06, 2006

In Play

Long LRCX and MRVL

Update 10:39: 50% profit locked in just before 10:00 reversal. Stopped out on balance for both LRCX and MRVL.

Update 11:24: Bought a new position in LRCX around the same area where I was originally stopped out. Just booked 50% profit at resistance $45.55.

Update 12:28: LRCX - Stopped out again.
The market is weak. I'm watching the Q's on the 15 minute view and we keep making lower lows.

Update 1:20: AAPL long -same play as yesterday afternoon- I'm up 1 point as today's price is moving much more quickly than yesterday.

Update 1:28: ITRI just broke on a huge volume spike. Waiting for an acceptable entry point off of a pullback.

Update 1:55: ITRI long at $62.22

Update 2:00: Qs looking toppy, so I just locked in 50% profit on AAPL.

Update 2:25: Closed the ITRI trade on a lower high on the 5 min. chart. This stock has a big spread between the bid ans ask. Not my comfort zone.

Update 2:55: Long MRVL $60.01

Update 3:40: Stopped out of AAPL $71.69 and sold 50% of MRVL at $60.20, and 50% is a scratch.

No comments: