SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

   Strategies & Market TrendsSimon's Trade Tracking Thread


Next 10 
To: Simon Thornington who started this subject4/10/2001 12:24:50 AM
From: Simon Thornington
   of 29
 
First post. :)

Currently short HOMS, AEOS, APOL, BAC, BK and NVDA, all short-term swing trades. BAC and BK on PCG news, NVDA on being a pig with a sweet chart, APOL likewise, AEOS likewise, HOMS for being the last .com standing.

Simon.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Simon Thornington who wrote (1)4/10/2001 12:26:08 AM
From: Simon Thornington
   of 29
 
Second post:

Short list for tomorrow (April 10th):

RBAK - mkt, add at 15, stop 16
BA - 57 1/2+, add at 62, stop 65
NVDA - add at 63,stop 66
IWOV - 9, stop 10 3/4
NXTL - 14, stop 15 1/4
Q - 32 3/4, stop 33 1/2

In my rough order of conviction. Probably won't have the capital to do all of these, see what shakes out.

Currently wary of an intermeeting rate cut; pundits give it 50:50, I give it 25% chance, if that.

Share RecommendKeepReplyMark as Last ReadRead Replies (2)


To: Simon Thornington who wrote (2)4/10/2001 12:31:22 AM
From: Simon Thornington
   of 29
 
Third post:

Longer term holdings:

Gold exposure (ABX, NEM, CEF)
Raytheon Corp.
B-rated corp. bonds (Dundee Bancorp and Citibank)
Foreign bonds (fund)
High Yield bonds (fund)
Preferred dividend income (fund)
Small amounts of various small-cap equity (fund)

Thoughts: Downturn is going to be longer than expected, thorough flushing. Naz no bottom until <1000, Dow just beginning, likewise S&P. Canada may not do as poorly (I live here), majority natural resource export (still!). No currency will survive, gold will become bastion of last resort (very contrarian, no grief). Only current worry is of a banking collapse, extensive short gold derivatives exposure may be the catalyst.

Random thoughts: Feels like a war brewing. Don't know yet.

Will continue swing-trading on the short side, volume on recent bounces is pathetic.

This thread is just starting as I start to move to being a professional trader. I won't update the overnight lists regularly until I get my schedule together (probably late June).

Cheers,

Simon.

Share RecommendKeepReplyMark as Last Read


To: Simon Thornington who wrote (2)4/10/2001 9:28:24 AM
From: Simon Thornington
   of 29
 
Don't like NXTL so much this morning... Looks like we're going to gap up. Sell off at open? Who knows...

Simon.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Simon Thornington who wrote (4)4/10/2001 11:58:45 AM
From: Simon Thornington
   of 29
 
Nope, no selloff haha. I was long some QQQ calls to catch this morning's move up. My shorts are hurting like hell, -3.4% on the day now. Added a little HOMS at 26, it's at 27.4 now. Currently 73% short and feeling it ow ow ow.

Not going to cover up here, we're still toying with the downtrend line and it all smells kind of fishy. Not adding either, though. See what tomorrow brings...

Simon.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Simon Thornington who wrote (5)4/10/2001 1:23:33 PM
From: Simon Thornington
   of 29
 
Rallying on... volume declining, selling coming in after lunch, sort of ominous. Down 3.3% on the day now, ugh, bonds taking a huge beating today too, no rates cuts in the future? Inflation rising?

Just watching for now...

Simon.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Simon Thornington who wrote (6)4/10/2001 2:52:41 PM
From: Simon Thornington
   of 29
 
Things look weaker now... added some AEOS around here. Bonds renewing their descent, attacking LOD. NDX 1600 is critical here...

Simon.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Simon Thornington who wrote (7)4/10/2001 4:18:53 PM
From: Simon Thornington
   of 29
 
Well, tough day for bears. Waiting for MOT now, and any warnings? Holding shorts, painfully...

Simon.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Simon Thornington who wrote (8)4/10/2001 6:14:08 PM
From: Bald Man from Mars
   of 29
 
you are doing okay, dude ...

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Bald Man from Mars who wrote (9)4/11/2001 12:39:43 AM
From: Simon Thornington
   of 29
 
Yeah, MOT earnings looked pretty bad to me... revenue/earnings down about 15%, LT debt up $2.2B over 2000, only significantly profitable business being the broadband shite which won't trickle down the pipeline (pardon the pun) for at least another couple of quarters. Goodness knows the carrying cost of the new debt...

Feeling much better now, but still on guard. Not going to bother doing the charts tonight, I would want to short tons of stuff but I'm already allocated to nearly 65%. Better to get the sleep and see what tomorrow brings.

Played the QQQ calls today, too lightly perhaps... down 3.2%ish on the day, the edge taken off by the quick call trade, much like Thursday. Late day trading didn't take MOT down as far as I'd like, but afterhours trading of listed stuff isn't so popular yet. VIX is down nicely, VXN still stubborn. put/call tells me the fish are hopping out of their panties, but that's not tradable. A sustained bear-market rally is still possible. If tomorrow isn't weak, I'll reduce the short exposure, possibly down to 40%ish. 30% chance of that happening, I figure. More likely, if there is heavy selling, I'm going to jump on the pigs that are still standing on thin ice.

I'm preparing to go 100%+ short, if the cards are in place. This is a really really sweet spot to sell, volume was a little heavy today to be totally sure... gap down, I'm already nicely short... gap up on strength, I will reallocate to reduce... gap up on weakness, I'm all over it like ice cream on a cone. Even open, wait and see...

Simon.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)
Next 10