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List,
Well I was too busy to post this early as I was busy making trades and
driving my son et al to school (the bus broke down), but we went heavily to
the long side this morning.
I also was hesitant to admit that our previous buy was too early and that we
made a mistake in pulling the trigger on the equities and options. This was
a human error and while our futures buy was correct, our option and equity
buy was not. Anyway, we're now invested heavily to the long side;
especially TSM, which I understand, is supposed to have some great earnings.
At least that's the rumors in Silicon Valley and not any inside information.
:)
I bought more options this morning, as this signal is our longer term,
option-trading signal. So far, I own 30 OEXJD and 10 OEXJB and 10 QVOJV.
20 of those OEXJD options were bought too soon and all of these options
should have been purchased this morning. Oh well, the systems looks great,
it's just the idiots driving it that make the mistakes.
Just thought I'd let everyone out there know what we're doing, warts and
all. I should explain that these positions are usually about half of our
positions as I don't post my brother's trades, so we probably have about 100
option contracts long right now. Between us, we probably own about 3,000
TSM.
Made a mistake this morning and forgot to buy CISCO calls on the open. We
feel that CSCO below $60 is a buy, at least for now.
Guy
" When I die, I want to go peacefully like my grandfather did, in his sleep.
Not yelling and screaming like the passengers in his car."
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