Clean up JRCC and start recovering on Mar 28,06 (Tuesday)

It is Tuesday (Mar 28, 2006). The market is green in the morning. The NAZ and DIA have modrate gain. NVDA brought my notice again. It had a very big relative gain. It rises to 53.60 in the morning from 53. The SONY did boost its up momentumn. SONY design deal is US30 million. So I think the market overact on this news(on Thursday) and TA good UP shape. I decided to short 100 NVDA at 53.78 at 10:09AM.

In the mean time, I started reducing JRCC position when I saw JRCC opened high at around 35.10 and dropped through 35 quick in the morning. From 10:13 to 14:07PM, I covered 2200 JRCC from 34.56, 34.51, 34.58, 34.51). Since I still believe JRCC turned over to down turn. I kept 200 SHORT position. This 2200 shares escape, I realized loss of $1167 from JRCC today.

From 10:19 to 14:04, I cotinued shorting NVDA from 53.90, Three 53.98, 54.21, 54.22, 54.32, 54.44, 54.54, 54.60, 54.65, 54.68, 54.75, 54.78, 54,82, Three 54.85, and 54.86 until FEB rate hike coming out at around 14:04PM when NVDA used to peak at 54.88. The peak time NVDA position was -2100.

Damn it! I started average up again. It is FEB rate hike which saved me. From 14:05PM, the whole market turned RED. DOW dropped over 100 points and NAZ dropped 15 points. NVDA also dropped from 54.8X level to 54.XX level. I started reducing NVDA position from 14:28PM to 16:00 at two 54.38, 54.37, 54.36, 54.28, 54.20, 54.15, 54.02, 54.03, 54.02, 54.01, 53.98, 53.88) totaling 1300 position. It gave out profit of $366.

In the mean time, I started to build portfolio again.
bought THI : 200 shares cost $26.56
bought FDRY (Hao and SDrider's pick): 200 shares at cost of 17.88
bought VPHM (My pick on last Sunday): 100 shares at cost of 11.37

Today's results:
Cut 2200 JRCC, realize loss -$1167
Realize gain on shorting NVDA: $366


The ending position:
THI: 200
JRCC: -200
NVDA: -800
FDRY: 200
VPHM: 100

Ending Balance: $45000 back tp important height. Let me start marching to 50000 from here again.