Fundamental Trader Alert
10/11/2006 9:25:45 AM
We are going to enter two short trades...
The first is an ETF trade, which is to short the S&P500 (Amex:SPY). We want to get an entry at $135.00 per share so we will enter the trade on a limit order.
Sell short shares of SPY at a limit of $135.00 or better.
The second is for LAM Research (NASDAQ:LRCX). We will provide full information, but LAM Research put in a quasi evening star in Tuesday's trading and the report after the close today.
Sell short shares of LRCX with a limit of $47.00 or better.
Please feel free to send emails with any questions you may have.
Regards and Good Trading,