Classically Trained, for the Revolution

Thursday, January 24, 2008

Out COH, MSFT, KLAC, TWM(short)

Took profits a couple of trades, on early strength in the open-30 min. today.

Out long-COH (ave. 30.52)
Out long-MSFT (32.54)
Out long KLAC (43.48)
Out short-TWM (83.74), too soon there perhaps, even though a very-quick 8 points; will be trading in and out however and entering higher is not a problem if entry is +EV.

Market still live; will keep hunting bear here. MSFT and KLAC report tonight. I would risk this, but convinced the edge is strong enough yet to take on bellwether earnings.

Holding long SBUX, COST, SUNH and CAF at moment.

[Edit: Bot APOL at (ave. 74.30), 75 min. into session; slightly above 50-day m.a. now]
[Edit: Bot QLD long at 74.45 w 20 min. remaining in session. Going double-long the Ultra-QQQQ's instead of re-shorting the Ultra-short Russell TWM]
[Edit: Bot IRIS at close (ave. 19.21)]

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