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Robert Weinstein
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  • Trading results 2/7/2011 0 comments
    Feb 7, 2011 6:57 PM

    I had the privilege of finally meeting my new and great neighbors during a neighborhood get-together to watch the Packers take on the Steelers. yesterday was followed up with another good day of trading.

    TA one of my weekend carryovers started out my trading today. I did not see anything in premarket action that made me want to initiate any new trades so I just kept the powder dry until after the bell. TA opened up lower and proceeded to move lower allowing me to cover my position with a gain. I didn’t capture as much as I would’ve liked to but it was a good start to the day. CCME issued a press release announcing the negative Internet posts attacking the stock. After what appeared to be a good open the buzz on the street was that the response was very weak and was not giving investors the confidence they were looking for. After coming close to the 90 day moving average CCME started to fall back. By the end of the day CCME closed right at the 200 day moving average. I covered the puts that I wrote last week during the first move higher after the bell.
    BIG moved up very quickly with heavy volume towards the end of the trading day today. I traded a couple hundred shares in after-hours looking to hold overnight but when the price move back down almost to my profit target area that I shorted it intra-day I decided to just flatten out and chalk it up as a winner.
    GCI was my big trade for the day. I received a William short signal and put a fair amount of size on it. It did run a little further than I thought it would but he quickly came back. Also when I exited the trade it continued much further than my target.
    MTW is an overnight call options short that I have. I ended up adding to my short option position and I traded the stock as well today. I flattened out the stock position but remain approximately break even and short the call options.
    CGI was a typo and I closed it out immediately after realizing what I did. Fortunately this typo/mistake wasn’t an expensive lesson in how to have attention to detail.
    TWI was a William B7 signal for 100 shares that reached full target.
    BIG +82
    CCME Feb13P + 468
    CGI + 4
    GCI + 1623
    MTW + 45
    TA + 232
    TWI + 50
    + 2507
    this post was written with Dragon NaturallySpeaking speech to text. Sorry for any errors but my wrists hurt and need to rest

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