AMD Keeps Churning Out Money!

Gross: +$641.00
Net: +$542.73
Loss From Top: $6.00
Trades: 71
Shares Traded: 93400

Stocks Traded Today (net profit/loss):
Advanced Micro Devices (AMD): +$563.74
AT&T (T): +$20.79
Home Depot (HD): +$17.07
Exxon Mobil (XOM): +$13.18
Corning (GLW): +$10.58
Motorola (MOT): -$20.43
General Electric (GE): -$62.20

Ok - this morning I woke up in a much better mood and I actually felt like I was alive today.

And look at AMD! This stock has just been tanking real hard the last two days and has been a very good short (though I lost some big money on it yesterday because I was trying to get long on it!).

I mentioned in a previous post that AMD had been really making some money for me (well, except for yesterday when I didn't have a clue as to what I was doing) and today was no different.

It's kind of weird to see that the stocks that make me money keeps rotating...a couple of months ago Citigroup (C) was my big money maker, but then I kept losing money on it, but then Walmart became my money maker...recently I haven't been able to make a dime on it, but here comes AMD to the rescue. I don't know if others have the same experience or not...Oh well, I'll just keep trading AMD as long as it's making money available for the taking.

Anyways, I tried dabbling in some of the other stocks today, but none of them seemed to offer as many opportunities as AMD, so I made it my focus stock for today. All day I just scalped it here and there.

As the morning rolled along, I began slowly reducing my share size to protect the profits I made and after lunch was said and done, I was out of the office by 12:30PM.

This week I got to see the Hybrid market in full swing - however I still haven't really traded the stocks involved. I tried trading some EMC Corp (EMC), but I find that this stock moves a little too slowly for me and as a result, I find very few opportunities on this stock.

I traded a bit of AT&T (T) today (it's also Hybrid), but I didn't not really focus on it enough to get a sense of what kind of impact Hybrid will have on my trading.

No doubt that next week a lot more stocks will be going Hybrid.

Below is a list of stocks going Hybrid on Monday (Oct 23):

ISHARES RUSELL 1000 (IWB)
ISHARES RUSSELL 1000 GROWTH (IWF)
MIRANT CORP (MIR)
FAMILY DOLLAR STORES (FDO)
AVIS BUDGET GROUP INC (CAR)
DUKE ENERGY CORP (DUK)

And below is a list of stocks going Hybrid on Tuesday (Oct 24):

SEMICONDUCTOR HOLDRS (SMH)
GOODRICH PETROLEUM CORP (GDP)
CORNING INC (GLW)
INTERPOOL INC (IPX)
MODINE MANUFACTURING CO (MOD)
U.S. SHIPPING PARTNERS L.P. (USS)
WINDSTREAM CORP (WIN)

The interesting one for me will be Corning (GLW), which is going Hybrid Tueday.

I'll be away for the better part of next week because I'll be on vacation and I'll return on Friday. And I think I need it too - I need a bit of a vacation to get my mind off things. Hopefully I'll come back all refreshed and ready to get my trading back on track.

In the meantime, I wish all of you good trading next week!

Good Trades
9:48AM - Advanced Micro Devices (AMD) was downtrending and the Futures were also moving down. AMD reached some support in the form of size on the bid at $20.90. Then suddenly the Futures started tanking real hard and size was about to break so I went short 2000 shares. At first AMD didn't really move, so I got half my position out for a 1-cent winner. But then the Futures tanked really really hard and AMD went tumbling as well. I got 500 shares out for a 15-cent winner (and held 500 shares, but felt like it could still go down again, so I went short another 500 shares (I was short 1000 shares total). AMD seemed to sputter along, so I got out everything. I got out as follows: 1-cent winner (1000 shares), 2-cent winner (500 shares), 15-cent winner (500 shares), 16-cent winner (500 shares) ($175 profit before fees ; In:9:48:42AM ; Short 2000 shares @ $20.90, short 500 shares @ $20.75 ; Out: 9:49:33AM)


9:53AM - AMD was downtrending and so were the Futures. The Futures suddenly tanked really hard again, so I went short 3000 shares at $20.70. AMD followed suit and I got 2000 shares out and held the rest. Then suddenly I saw a big sell order come in, so I exited my last 1000 shares (it was price improved). I got out as follows: 5-cent winner (2000 shares), 10-cent winner (1000 shares) ($200 profit before fees ; In: 9:53:09AM ; Short 3000 shares @ $20.70 ; Out: 9:55:03AM)


Bad Trades
None.