Off to Berlin... Placing some trades...

I'm heading off to Berlin for a few days. I'll be back next Thursday, but I'm interested in a few things I think might happen.

So I'm placing two REED orders. I sold mine today 1000 @ $2.55/$2.54, profiting $217 on my initial purchase of 1000 @ $2.34/$2.32. (Since there is such low volume on REED, you can't typically complete your entire order for the price set. When my SELL triggered today at $2.55, there were only 500 bids at that price; the BID then shifted to $2.54 leaving me with an extra 500 shares. I moved my sell order down to $2.54 to move them and they sold.)

My order book also has some Tessera in it since it's due for a bounce. Their Amkor arbitration is hitting on June 10th, so I'm watching to see what happens there. I think they already won and are just determining settlement stuff but that's a big deal and if it's great news, we'll see a huge spike. My play is a mid-term, but if it doesn't auto-sell by the 10th, I'm going to cancel a sell and/or buy it if it didn't trigger to begin with. We could see a $5 (20-25%) bump on good news about this.

I am also still in 40 AAPL @ $184.35. Watch to see what happens on the 9th with iPhone chatter. I don't know how much of it is priced in but I think "amazing features" and "available immediately en masse" could be enough to push this past its support. There's been chatter of it for months but the steady increase hasn't been related to pricing in on that. I think it can break $200. Let's see what happens.

Here's my order book:

TIME		DESCRIPTION	STATUS
6/7/08 04:21:07		SELL -250 TSRA STP 14.00 GTC TRG BY #48238739 OCO #48238740	WAIT TRG
6/7/08 04:21:07		SELL -250 TSRA TRSTP MARK-.17 MARK GTC TRG BY #48238739 OCO #48238740 WHEN TSRA MARK AT OR ABOVE 19.65	WAIT TRG
6/7/08 04:21:07		BUY +250 TSRA TRSTP MARK+.17 MARK GTC WHEN TSRA MARK AT OR BELOW 18.75	WAIT COND
6/7/08 03:14:22		SELL -1000 REED @2.55 LMT GTC TRG BY #48238495	WAIT TRG
6/7/08 03:14:22		BUY +1000 REED @2.10 LMT GTC	QUEUED
6/7/08 03:12:47		SELL -1000 REED @2.50 LMT GTC TRG BY #48238484	WAIT TRG
6/7/08 03:12:47		BUY +1000 REED @2.25 LMT GTC	QUEUED

REED woes and cheers...

So I watched REED tank to $2.00 the other day. I held on, knowing it'd bounce back. But I didn't buy my belief: I should've bought in another 1,000 shares in if I really believed it'd hit the $2.50 range and average in. Instead, I just sat back. It bounced up to $2.47 in the mean time. Bad call; would've been up $470. Can't let that slip again.

Once it breaches $2.50, I'll sell. And once it hits $2.10-$2.25, I'll buy in again. This one might be my new fun time.

I'm also in AAPL, 40 shares @ $184.something. I'm hoping it pushes up past the $190 resistance we've been seeing.

Next time, read the damn email... (Wanting AAPL, can't buy...)

So thinkorswim has been bugging me about getting my signature card in. I haven't done that since I established my account and I guess the USA PATRIOT Act requires that. So I got this charming message when trying to buy 40 shares of Apple: "On this account you cannot open new positions." Great.

Time to send the card in. Also, time to hold Apple for a medium play. Their price targets are in the $225 range and they're about to announce something big—almost everyone assumes the 3G iPhone. This is only good news, since there's no gap 'til profit as there was with the last iPhone announcement. It's only going to further entrench the brand with an already successful product. And I think it could surge past $200 and stay that way.

I want to buy in at the $185 point (which is hilarious, considering my first trade was to buy a single share of AAPL @ $123.35 three months ago... Man.