by Larry Levin
Ok, let's get those earnings reports released and get some action back in this market. In particular I wouldn't mind seeing some of the companies fall BELOW expectations.
I'm not sure if that is what is going to happen, but it would be nice. Here's why: We are really at the top end of the range in the stock indexes and we've rallied a whole bunch in the last couple of weeks. If we miss expectations on earnings we will see this market fall out of bed fairly quickly (in other words move lower.)
If that happens it will increase the volatility and increase the chances of finding good profitable trades. So let's hope for a few misses with the earnings and we will make some money!!!
Trade Date: 10/09/07
(before fees and commissions):
10:02 ID VA Sell 68.50 = +.75, +1.50, +.75
(before fees and commissions):
1) Buy @ 9:01am at 845.0 = -.9 (1 lot)
2) Sell @ 9:22am at 843.8 = +.5, +1.0, -.3
3) Buy @ 10:15am at 845.3 = +.4, +.3, b/e
4) Buy @ 11:01am at 846.0 = -.5, -1.0, -1.0
5) Sell @ 12:15pm at 844.5 = +.5 & +1.0
6) Sell @ 1:02pm at 845.4 = b/e, b/e, -1.0
7) Buy @ 1:07pm at 845.3 = +.5 (1 lot)
8) Buy @ 1:09pm at 845.1 = -.8 & -.9
9) Buy @ 1:15pm at 844.9 = +.5 (1 lot)
10) Buy @ 1:17pm at 844.7 = +.7 (1 lot)
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