JohnWelshPhd
Recapping 10/19 trades NVAX, IDCC, UPRO

So far this month, COMPLETELY wrong overall on market movements, but still up 21k on the month.  I think it’s a good lesson overall to make money when completely wrong, which I really have not been for sometime, but October has caught me off guard.  Continue to take small trading losses, which has worked overall.   Onto the trades.

NVAX in 15k 3.87, out 3.80, lost 1.1k.   Bought due to overall ‘strength’ in swine flu stocks at the time SVA and BCRX, but both quickly came back.  Breakout due to report last night on TV on how bad swine flu is getting.   There was no follow through or volume in the sector so again, took small loss on name.

IDCC in 2k 20.30, out 20.70, plus 800.  Bought for a bounce on oversold condition, on what I thought was, based on Nokia news being unfavorable.  Took small profits, and the name came back,  wishy/washy trade.

Short 1k UPRO 144.88, out 145.70, lost 900.  Was up on name after hours, but wanted to bring the name short into AAPL and TXN earnings, which looked great at first glance.   Covered pretty high to make things worse, but took the small loss, again.   Not positioned correctly on overall trading again today.