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


Previous 10 Next 10 
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)


To: Simon Thornington who wrote (10)4/11/2001 9:45:35 AM
From: Simon Thornington
   of 29
 
The market is limit up at open, and holding so far... Reduced short exposure, covered my worst losses (HOMS AEOS). Keeping some. -3.2% booked now, -1.8% still open. Looking for some longs.

Simon.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Simon Thornington who wrote (11)4/11/2001 1:21:31 PM
From: Simon Thornington
   of 29
 
Well, that looks like it was a mistake lol. Covered at the highs. Panic, doh. Back in HOMS a little, also long QQQ and Q puts... what to do?

Simon.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Simon Thornington who wrote (12)4/11/2001 1:23:27 PM
From: Simon Thornington
   of 29
 
Covered the HOMS. Going to have to keep tighter stops or I'm going to end up with more -4% days (ugh ugh ugh ugh UGH)

Simon.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Simon Thornington who wrote (13)4/11/2001 4:26:20 PM
From: Simon Thornington
   of 29
 
Long QQQ and Q calls, in addition to BAC BA BK. Thankfully this day is over. Going to think on lessons learned... was it just too painful? Or was I right to cover? Why didn't I cut the losses earlier?

Simon.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Simon Thornington who wrote (14)4/12/2001 11:21:24 AM
From: Simon Thornington
   of 29
 
Lesson learned; don't overallocate short when the VIX/VXN are so high. That is not a signal to cover, but it makes things more dangerous.

Puts working out today... feeling better, several beers, a good night's sleep later.

Simon.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Simon Thornington who started this subject4/12/2001 4:31:24 PM
From: Simon Thornington
   of 29
 
Test:

hasc.com

Share RecommendKeepReplyMark as Last Read


To: Simon Thornington who wrote (15)4/17/2001 6:04:49 PM
From: Simon Thornington
   of 29
 
Okay, all covered now. The rest of the losses were very minor. The last one was BA, which I closed today. This bear market rally is poised to go further than I thought, and the fact that CSCO handled its abysmal report so well means this thing has legs. INTC announced tonight, everything is ripping afterhours. Long 8% CTXS, 92% cash still.

Ta,

Simon.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Simon Thornington who wrote (17)4/19/2001 3:51:08 PM
From: Simon Thornington
   of 29
 
Tooled around with BRCM and Q today, got chopped up. Long a little CTAC now.

Hrm.

Simon.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)
Previous 10 Next 10