$DE double top...for now. $study

-Shorted 84.58 (11.42). It was shorted via a stop order since looked like might lose strength if traded back at 84.58. Had not broken through previous recent high at 84.85; agricultural commodities were up but modestly so; $cat and $fcx also seemed to be running out of steam.


-Covered at 83.78

Thoughts: watch 84.85 for a breakout.

$APC to be or not to be taken over? $study

-Shorted 76.68 (9;37). Thesis being I do not believe in the takeover given the source (Daily Mail - see what has happened to $IMAX which has the same source), and the market cap 37 billion. Also the last half of Friday’s trade was one big downtrend, and given this downtrend seemed to want to continue thought it was worth a shot...with a dollar amount derived stop at 77.78 which was triggered at 10:33.


Thoughts: fair enough it ended below my entry point. Should I have done this better? Re-visit tomorrow.

$BIDU not a good trade...for now. $study

-Shorted 50% of position in the pre-market at 98.15. That was up 1.70% from Friday; thesis being it is a wounded stock trading below 20 SMA and it is dying to re-test the 95.00 level; it was up merely due to pre-market strength in the stock futures.


-Shorted some more at 97.88 (9:43); had broken down through 90.00 at a time market was reaching new highs.

-At 13:27 removed the 100.20 stop; felt they were simply going to pop the 100.00 stops.

-At 13.36 shorted some more at 100.19; general market seemed like was going nowhere further and felt this was simply a stop popping exercise above 100.00

-13.57 put in a buy-stop at 100.52; felt if the move above 100.00 was simply stop popping , should go no higher than 100.50.

-14.06 high of the day at 100.46

-End of day held position at average price 98.56

Thoughts: why trade in the pre-market? Should have been more patient. Stock showed relative strength after breaking 98.50 at 10:32. On the other hand original plan was held since original stop when entered the trade was 100.20. Let’s see what tomorrow brings.