Below is a screen sot of my current trades as of market close on 7/19/06.
As usual, below are the adjustments that I made to my current trades before market open. I have adjusted them to lock in profits and/or minimize possible losses. The anticipated bounce on the major indices did not occur today, but the expectation is still there. I expect to be stopped out of many of these trades in the coming days.
.DVNTL – Hold at 61.80
.EOGTN – Hold at 68.56
.AAOHH & AAOTU – Straddle Play, still watching the numbers! Very interesting, it appears that the option value in both directions is decreasing. Looking at the chart, the stock has been in this 2pt+/- trading range for the last week or so.
.RIGTQ – Changed to 75.79. I have made my profit. From looking at the chart, the stock appears to have entered a – My profit target for RIG was 76.68. I passed my first profit target!
For anyone reading this, just remember that this is my personal trading journal. I do not recommend that you enter any of these trades or do anything that I choose to do. Theses trades and stops are based on my own analysis and conclusions. I recommend that you develop your own trading systems, strategies and rules, conduct your analysis, come to your own conclusions and get professional advice from qualified professionals persons before making any investment decisions. I am no way near qualified to make such recommendations.
Good Luck - David
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