HIG - Today, 02-02-09, I saw Barron's positive comments on HIG which is also reporting earnings this week - the stock was up a little over 1.00USD at the open and about five minutes later it gave everything back and hit a low of 13.16USD - below are the trades that I made today based on the stock's action:
Filled Buy to Open 25 +HIGBW Limit 0.75 09:33:00 02/02/09
Canceled Buy to Open 75 +HIGBW Limit 0.75 02/02/09 09:33:06 02/02/09
Filled Sell to Close 25 +HIGBW Limit 0.90 09:41:36 02/02/09
What the above sequence of trades show is that I first put in an order to buy 100 calls but the stock move down too quickly and I simply did not feel confortable with that size trade so, I cancelled 75 contracts six seconds after the first 25 contracts were filled; then, I sold the 25 contracts about 8 minutes later because I just did not like the early morning action on the stock - still, a positive trade.
EMR - This company reports earnings tomorrow, 02-03-09 (b4 the open) and I expected a little upward movement today, 02-02-09 prior to the anouncement. This is the trade to support my theory:
Filled Buy to Open 100 +EMRBG Limit 0.40 09:55:38 02/02/09
Filled Sell to Close 100 +EMRBG Limit 0.50 14:14:26 02/02/09
Another positive trade - enjoy trading!
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