Recap trading on Mar 14,2006 (Mixed feeling of glory and gloomy)

Mar 14, Tues, is a day mixed with glory and gloomy, and flat out at the end of the day.

1) Starting positions:
BIDU: 100
GOOG: 200
INTC: 200
SNDA: 300

GOOG-MAR06-350 C: 1
GOOG-MAR06-360 C: 1

2)Good point is that I get trend very well predicted that the bouncing back will happen earlier than my expected. I was expecting bouncing back within 3 days of OE. But based on the transaction of Monday. I got a feeling, I need to get in LONG/CALL position earlier than Wednesday.

So I add 100 more GOOG and 5 CALL350(1.45-1.7) and 3 360CALL (0.6-0.70) before lunch.

So at the time when I went to lunch(12:30PM), my positions of google are:
300 GOOG LONG ($350 at 1@:30PM)
6 CALL350
4 CALL360

In the monring, NAZ and NYSE had moderate gain but GOOG seems restricted. Before lunch, I entered 380 SELL , 342 sell and couple of option sells as usual swing trade.

3) The GOOG started bouncing at around 12:40PM. When I finished lunch at 1:00PM, I looked at my Pocket PC, I found GOOG was 341. I realized hugh bounce happening, so I say farewells to my lunchmates. When I returned to my desk, I found GOOG just surpassing 343, my 200 GOOG SELL were executed, and 7 options had been exceted too. (CALL350 is OK that 1.9-3.8 sold, so poor at CALL360 that 0.60 !!! I did find small stagement at 344. So I decided to sell remaining 100 shares of GOOG.

It worked very well that GOOG did drop back a lot after I sold at 344. I was delighted and think it could be great day of "moderate rebounce", I still didn't belive GOOG had "big" rebouce today. I left 1 CALL350 and 1 CALL360

I posted my excellent trade on wenxuecity, and I got many appraisals. My account balance at this time is around 37500 which almost match with my last heihht in the Feb OE week.

I was so causious that GOOG rally was not over yet, it actually had great momentum that from 1:45, it started bouncing again. I used to have a new staff meeting at 2:00PM, if the meeting were not cancelled, I would leave my cash still and 2 CALLs. The first new staff meeting was unexpectly cancelled which leave me time to watch. I made "BIG" mistakes during this period of time that I tried to "short" by assuming this is waning reboucing. I did couple of forth and back. I did have chance of LONG again. but I finally go to SHORT, which make me lost my winning in the first part of rally. When GOOG hit 349, I have to cut loss. Then I have only 35600.

4) Collect SHORT and PUT by the end of trading.

Fortunately, I decided to collect some cheap PUTs and I started SHORT GOOG at 350 which set my basis of gaing back in the following day.

By the end of trading, I keep
190 GOOG LONG (10 was sold by marging call)
4 GOOG MAR PUT340
1 GOOG MAR PUT350

Ending Balance: $45600 only $100 more than last day (Mar 13,MON)

5) Summary:
-Under estimate the bouncing strength of GOOG
-Unconsiderat SHORT thinking in the UP TREND
-Average down cost

I would hit $47500 if I don't above mistakes.