Short Trade Of The Day - Hutchinson Technology Incorporated (Public, NASDAQ:HTCH)

Shorted $16.87
Covered partial $16.19
Closed position $16.15

Notes
1) I was going to enter early when the 5ma hit the 11:30 red bar. But hesitated and decided to wait until price break the ORL. Nevertheless, the next bar high would have hit the stop of $17.50, so it was a good choice.
2) Entry was the strong red bar (13:30) that broke the ORL.
3) Should have enter after the market digested the 1/2 point rate cut, but entry was too good and I was prepared with a wide stop loss.
4) Stock closed just above the daily support $16.15 (blue line) from 10/17/2002.
5) Chosen a stock with weak fundamental (downgraded and weak earning) so it would not be jumping too much when the rate cut was announced.
6) This was a risky trade which I doubt I will do again. Next time, I would wait and enter after any FOMC news or only play the market with smaller position.

Short Trade Of The Day - Theravance, Inc. (Public, NASDAQ:THRX)

Shorted $19.52
Closed position $19.50

Notes
1) Enter 2 min before 12:45 bar closed.
2) Entry was the strong red bar (12:45) that broke the ORL.
3) I missed the daily pivot point from 01/02/2008 and price reverse at that point.
4) Could have taken a small profit at $19.44, but I decided to stay and at the end, I covered to breakeven.
5) ABK was my first choice, but there wasn't any shares available to short. Still, I doubt I can trade it any better than THRX.

Short Trade Of The Day - Zoran Corporation (Public, NASDAQ:ZRAN)

Shorted $16.03
Stopped $16.00

Notes
1) Enter 1 min before 11:15 bar closed.
2) Entry was the strong red bar (11:15) that broke the ORL. Also, it received downward overhead resistance from the declining 5ma.
3) Target was the 38.2% extension and also the daily pivot point from 08/09/2007.

Long Trade Of The Day - UAL Corporation (Public, NASDAQ:UAUA)

Bought $29.67
Sold partial $30.76
Closed position $32.15 (01/11/2008)

Notes
1) I hesitated on my entry at the break of the 12:00 inside bar (also NRM). Therefore, my order was bought at $29.67 instead of $29.45.
2) Didn't enter order early and missed a chance to sell on the way up.
3) Hesitation was a key factor that I couldn't capitalize on the airline trend and maximize profit.

Long Trade Of The Day - Superior Energy Services, Inc. (Public, NYSE:SPN)

Bought $41.57
Sold partial $43.30
Closed position $43.97

Notes
1) Trigger bar wasn't great because it was a red doji and it was below the daily pivot point $41.92 (blue line). However, it was a NRM bar supported by the 5ma and the retracement was shallow.
2) Bought 2/3 position to minimize risk.
3) My original target was 38.2% extension, but it seems too far. Therefore, I set my target at the halfway point between ORH & 38.2% extension.
4) Controlled greed well today.