September 08 Performance

These are the trades that I have closed for the month of September 2008:

1. LEH Oct Put (--): Poor management of position. Cut loss due to the reason that I'm very uncomfortable with any options that has less than 1 month lifetime.
2. CMG Sep Put (+): Just in time of getting myself out of this position as I thought that it will expired worthless. Lucky me.
3. MFC Sep Put (--): Not lucky enough for this one. Almost expired worthless.
4. PTR Sep Put (+): Sudden drop in HK shares. Lucky to make a profit with this one.
5. MET Sep Put (---): Expired worthless.
6. GHL Sep Put (---): Expired worthless.
7. COF Sep Put (---): Expired worthless.
8. SLT Sep Call (---): Expired worthless.
9. GS Oct Put (2+): Too bad I didn't have an Internet connection when GS crashes. Opportunity missed. The profit could have been equivalent to my initial capital. Just too bad.
10. BGC Nov Put (3+): After so many bad trades, just have to take some profit with this one.
11. SINA Dec Put (+): Take profit again because I was nervous about the bailout.

In total, I still manage to edge out a tiny profit for the month of September. My total account position is now above my initial capital (about 60% higher).

August 08 Performance

Simply terrible. I got everything wrong. Gone into negative performance for the month of August.

AKAM Put (2+): Just lucky that it got a big drop after I bought the put.

LULU Put (1+): Sold at the bottom area of the channel. 

GES Put (-): From positive to negative!

TK Put (+): Another lucky trade that got a big drop right after I enter.

GLW Call (---): Expired worthless!

CAT Call (---): Another expired worthless!

STLD Call (---): Another worthless.

It is a tough August for me. Hopefully September will be better.

Sina (SINA)

SINA Weekly Chart

Sina (SINA) has broken down from a rising flag and the EMAs are pointing down again. Support 32/22. Bought PUT.

Akamai (AKAM)

AKAM Weekly Chart

AKAM has broken the rising flag. Supports 29/17/11 Bought PUT.

Watch list for 14 July 2008

I'm bearish on the following:
Chubb Corp (CB): Looks like a break down from range trading. A triple top. Supports at 45/40/30.
Akamai (AKAM): Rising flag broken. Supports at 29/17/11.
Hewlett Packard (HPQ): Broken rising flag. Supports 40/38/30.
General Cable (BGC): Rising flag broken. Supports 54/36.
Google (GOOG): May cover gap fram 459-524. Technicals getting negative. Supports 520/420.

I'm bullish on gold:
Royal Gold (RGLD): Strong resistance at 35. Then 40.
Newmont (NEM): Uptrend forming. Resistance 56/61.