Tag Archives: Long

EBAY

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EBAY intraday high was 57, but the sell order’s condition was not met. So I still long EBAY SSF. The order is changed to two market sell orders with the conditions of EBAY last price <= 54.5 or >= 56.1. The long tail on the candle looks bearish though, which is why the lower limit is set to 54.5. It’s hard to set trail stop on SSF since it’s not traded often, therefore, the trailing does not work.

Edit: Looking at the intraday chart, the 57 print was not shown there. It might be a misprint on other quote source.

Weak Job Market

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After breaking out last resistences, all indexes went down today although they were up for the week.

Long: SOHU (it’s forming a bull flag, trail 2 and sell limit @40), SUNW (stop @3.5) and HNP (trail 3).

Short: QQQ (Oct PUT, under water) and AMZN (Sep PUT) and XOM (Sep PUT). The AMZN and XOM puts are left over from previous hedges for closed SSF trades.

Weak Job Market

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After breaking out last resistences, all indexes went down today although they were up for the week.

Long: SOHU (it’s forming a bull flag, trail 2 and sell limit @40), SUNW (stop @3.5) and HNP (trail 3).

Short: QQQ (Oct PUT, under water) and AMZN (Sep PUT) and XOM (Sep PUT). The AMZN and XOM puts are left over from previous hedges for closed SSF trades.

August is over

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Slowly moving August is over. After this comming Labor Day week, trading volume should be picking up as traders return from their summer vacations. NASDAQ has reached new high and INDU and SPX are approaching its recent high respectively. All markets have done some base building, we will find out wheither or not they will break out or go down. Short term wise, it looks the market will move up a little. Short: QQQ Oct 32 Put (it’s not working obviously after QQQ’s big run up). Long: HNP (I have been waiting for opportunity to own some HNP shares), SUNW, SOHU and MSFT (SSF).