$100,000 day trade for me today..........

Fishhead · 10-09-08, 10:09 AM

Originally posted by Fishhead

DOW down 1.3% and JNJ only 0.30%

JNJ still trading above 62.0

Have a limit order in at 61.3 for 850 shares($50,000)..........

Down to 61.70, but now trading up again.........

Just can't get into this sucker on my terms.

Fishhead · 10-09-08, 10:17 AM

Hit 61.60 at the intraday low.........now back above 62.0

VERY FRUSTRATING.

Fishhead · 10-09-08, 10:34 AM

Originally posted by Fishhead

DOW down 1.3% and JNJ only 0.30%

JNJ still trading above 62.0

Have a limit order in at 61.3 for 850 shares($50,000)..........

Just made a small treak on my limit order.........from 61.30 to 61.33

wtf · 10-09-08, 11:11 AM

u in this for day trading? or going to hold?

Fishhead · 10-09-08, 11:18 AM

Originally posted by wtf

u in this for day trading? or going to hold?

Will be holding anywhere from 10 minutes to 5 days.......no less, no more.

FH

wtf · 10-09-08, 11:26 AM

your right at a 52 week low now, the yield is more than a bank now. 61.3 might not hit. but your right, if it hits, i think your in for a nice quick score.

Fishhead · 10-09-08, 11:30 AM

Originally posted by wtf

your right at a 52 week low now, the yield is more than a bank now. 61.3 might not hit. but your right, if it hits, i think your in for a nice quick score.

It was under this yesterday........

Just cant squeak in .......frustrating.

Fishhead · 10-09-08, 11:52 AM

In for 850 shares @ 61.33

From this point here is my plan of action.....I will sell at 62.33 and profit $850 or.......

I will be buying an additional 850 shares on a yet to be determined dip in the stock(dollar cost average). Debating that figure as I type this.

Fishhead · 10-09-08, 12:04 PM

Originally posted by Fishhead

In for 850 shares @ 61.33

From this point here is my plan of action.....I will sell at 62.33 and profit $850 or.......

I will be buying an additional 850 shares on a yet to be determined dip in the stock(dollar cost average). Debating that figure as I type this.

At this time I'm going to implement a sell limit order for the entire 850 shares at 62.33............"good for day".

Not anticpating this being reached today, unfortunately.

Again though, who knows.

Fishhead · 10-09-08, 12:09 PM

Originally posted by Fishhead

At this time I'm going to implement a sell limit order for the entire 850 shares at 62.33............"good for day".

Not anticpating this being reached today, unfortunately.

Again though, who knows.

In all liklihood, probably will be purchasing an additional 850 shares before this sell limit of 62.33 is reached.

JNJ is down to 61.10 currently, its 52 week low.........

Fishhead · 10-09-08, 12:23 PM

This stock is lagging like a rented mule right now...........yes, I'm concerned.

Nothing ever easy in the equity markets.

capitalist pig · 10-09-08, 12:54 PM

Good luck with JNJ, if it were me Id have a stop set around $60.50. Just by a quick look, there isnt any support where its sitting, it could just as easily go up to around $63.00 where there is some resistance, or the bottom could fall out and it drops $5 a share. There is going to be a short term market pop soon, maybe late this afternoon, maybe Friday but its coming and when it happens it will be very fast.

Im watching my 10k share MOT buy @ $4.91 like a hawk, I really need/want it to push above $5.00, and hold that #, more for my own peace of mind rather than any technical reason.

later

Fishhead · 10-09-08, 01:05 PM

Originally posted by capitalist pig

Good luck with JNJ, if it were me Id have a stop set around $60.50. Just by a quick look, there isnt any support where its sitting, it could just as easily go up to around $63.00 where there is some resistance, or the bottom could fall out and it drops $5 a share. There is going to be a short term market pop soon, maybe late this afternoon, maybe Friday but its coming and when it happens it will be very fast.

Im watching my 10k share MOT buy @ $4.91 like a hawk, I really need/want it to push above $5.00, and hold that #, more for my own peace of mind rather than any technical reason.

later

Let's both bring home the cheese........

jjgold · 10-09-08, 01:11 PM

Stock trading is slow death

Fishhead · 10-09-08, 01:24 PM

Originally posted by jjgold

Stock trading is slow death

On this trade it is.............down $750 on paper thus far.

If this continues, will be buying another 850 shares by the end of the day.

Fishhead · 10-09-08, 02:16 PM

Originally posted by Fishhead

On this trade it is.............down $750 on paper thus far.

If this continues, will be buying another 850 shares by the end of the day.

This is getting ugly.

Fishhead · 10-09-08, 02:29 PM

Down 1.90 since my entry at 61.33..........and still havent bought my second batch of 850 shares.

Not going to do so until at least the 59.00 level............

compaqDikk · 10-09-08, 02:45 PM

fischer JnJ will probably never hit 60 again in your lifeTime. park your RV rent free in an Iowa farm and there are some posters that will open their homes to you with open arms where you won't have a to pay property taxes for a decade or so. just do some thorough screening because 80% of the posters are wakkos

Fishhead has beaton slots

Fishhead · 10-09-08, 02:56 PM

Originally posted by Fishhead

Down 1.90 since my entry at 61.33..........and still havent bought my second batch of 850 shares.

Not going to do so until at least the 59.00 level............

Ok gang........

Bought another 850 shares @ 57.97

Fishhead · 10-09-08, 03:02 PM

Originally posted by Fishhead

Ok gang........

Bought another 850 shares @ 57.97

UPDATE---

I'm dollar cost averaged in at .........

1700 shares @ 59.65

JNJ closes the day at 57.91

UGH!

compaqDikk · 10-09-08, 03:10 PM

Fishhead · 10-09-08, 03:23 PM

Originally posted by Fishhead

UPDATE---

I'm dollar cost averaged in at .........

1700 shares @ 59.65

JNJ closes the day at 57.91

UGH!

Correction, even worse.......closed at 57.58

Basically down about $3500 on this trade at the moment.

HAPPY BOY · 10-09-08, 05:12 PM

down 80k on my 401-k Im sick to my stomach. you think i give a shiit about winning 1k on a weekend. Who gives a fvck about sport betting when Rome is in ruins. Please dont tell me "hey it comes back.' Fvck this shiit man. On the other hand I have 10k on the sidelines. Im gonna start buying soon. Dollar cost average baby!

compaqDikk · 10-09-08, 05:22 PM

fish we all caught falling daggers here

wtf · 10-10-08, 12:17 AM

fish, hang in there, dont bail

BeatTheJerk · 10-10-08, 12:46 AM

i think this is worse than gambling to be frank .............

BeatTheJerk · 10-10-08, 12:47 AM

this is a pathetic guessing game if you have no inside information on a paticular stock like the top dogs do.

Fishhead · 10-10-08, 07:49 AM

Ok, will be cousulting with my advisors(my left and right brain) and coming up with a stop limit loss price before the opening bell.

Down about $3500 on this trade as we stand right now............and I'm paying $15 a day in margin interest for every day I hold this stock from here on out.

Details......

1700 shares @ 59.65

Back a little later to release my STOP LOSS price.

Fishhead · 10-10-08, 08:06 AM

Goodness gracious........

JNJ down over 2.00 in pre-market.

ABSOULUTELY BRUTAL

I could very easily be looking at a $10,000 loss here my friends.

jjgold · 10-10-08, 08:16 AM

Originally posted by Fishhead

Goodness gracious........

JNJ down over 2.00 in pre-market.

ABSOULUTELY BRUTAL

I could very easily be looking at a $10,000 loss here my friends.

Fishhead you must be a nervous wreck this AM

Looking bad again, I feel sorry for you

Fishhead · 10-10-08, 08:22 AM

Originally posted by jjgold

Fishhead you must be a nervous wreck this AM

Looking bad again, I feel sorry for you

JJ,

I'm basically in the "who cares" mode at this point........which isn't a good thing.

I've decided to not even set a stop loss at this point.

Once I literally get down 10,000 on this trade is the time I will be sweating.

Basically, going to take my lumps and roll the dice here.............

jjgold · 10-10-08, 08:24 AM

Fishhead it might be a long day again, I really do not know how much more you can take of this and worried for you. When a gambler does not care anymore WATCH OUT.
Lots of people in the great depression jumped off buildings just making you aware of that.

Fishhead · 10-10-08, 08:26 AM

Originally posted by jjgold

Fishhead it might be a long day again, I really do not know how much more you can take of this and worried for you. When a gambler does not care anymore WATCH OUT.
Lots of people in the great depression jumped off buildings just making you aware of that.

When JNJ hits 54.00........I will basically be looking at $10,000 loss give or take a few bucks..........the sad thing is, I fully expect to hit those levels, and probably in the first hour of trading today.

Let's see what happens.

I would love to stay above 54.00..............nice goal, geezus.

This is stunning.

Fishhead · 10-10-08, 08:29 AM

Originally posted by Fishhead

When JNJ hits 54.00........I will basically be looking at $10,000 loss give or take a few bucks..........the sad thing is, I fully expect to hit those levels, and probably in the first hour of trading today.

Let's see what happens.

I would love to stay above 54.00..............nice goal, geezus.

This is stunning.

I'm sure there are a few out there that are loving seeing me go up in flames.

I don't mind...........at least I'm providing them with good entertainment.

jjgold · 10-10-08, 08:37 AM

Fishhead most guys here pray you lose everything but it is just not you. The boys here love when other posters go broke and many have celebrated my gambling demise. It is sick but part of the posting game