Saturday, June 7, 2008

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

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