Saturday, 5 December 2009

Trade Updates

02/12/09 1st Target hit for Ista at $4.8 for +12% profit sell half and set stop loss to entry price at 4.21 for other half.

30/11/09 All trades currently in profit (aside from . IIQLA option, waiting for time decay to kick in) - Added Short on 10 yr Bonds

ISTA: 24/11/09 Taking advantage of dip in price to buy at $4.21, also bought DEC $5 call .IIQLA

MGM: 23/11/09 Short entered at 10.90
ISTA:  23/11/09 Hasn't retraced for optimal long entry but if you had entered on open of market would be in profit - watching
Euro Dollar: 23/11/09 Short entered at 99.78

BK: 25.6 level to watch

06/12/09: Bank of New York (BK, NASDAQ)
A very interesting, potentially powerful setup in the making. If the 25.6 support level is broken sell short, look at Put options also. Overhead resistance coming down from around the 30 level with additional resistance at 31.44, potentially bearish longer term patterns also formed. If the breakout occurs this could be a huge move, potentially to 18.4 level initially. Entry at 25.6.