Market Watch Game Update

Here are the current standings in the Market Watch game. I did pretty well with my short selling on Wednesday, but gave back about half of it on Thursday. I am now switching my bias to long positions.

Hereare my current poitions. 3 of them were supposed to be shorts, but I apparently entered them wrong and they ended up being buys. For whatever reason the bonehead mistakes I have made have been impeccably timed and I have actually done pretty well with them.

Ticker	Price	Shares	Short Date	Position	Cover Price	Cover Date	Gain	Percent	Stop
HOGS	10.06	100	04/09/12	1006	9.48	04/17/12	58	5.77%
AE	70.8	25	04/10/12	1770	57.23	04/24/12	339.25	19.17%
CBOU	17.3	100	04/10/12	1730	16.55	04/26/12	75	4.34%
CF	180.3	10	04/10/12	1803	190	04/01/12	-97	-5.38%
OC	33.77	50	04/11/12	1688.5	34.55		-39	-2.31%	34.77
WLK	61.28	25	04/12/12	1532	62.28	04/25/12	-25	-1.63%
PHM	8.61	200	04/12/12	1722	8.36	04/24/12	50	2.90%
URI	40.45	50	04/12/12	2022.5	44.38	04/18/12	-196.5	-9.72%
FFIV	126	10	04/12/12	1260	123.09	04/18/12	29.1	2.31%
ABD	11.66	100	04/16/12	1166	11.17	04/20/12	49	4.20%
GRA	55.72	50	04/16/12	2786	55	04/24/12	36	1.29%
BWLD	84.35	25	04/17/12	2108.75	83	04/24/12	33.75	1.60%
PXD	107.67	10	04/17/12	1076.7	107.82	04/25/12	-1.5	-0.14%
RYL	17.83	100	04/18/12	1783	18.5	04/24/12	-67	-3.76%
TOL	23.46	100	04/19/12	2346	23.21	04/24/12	25	1.07%
Total							269.1

Here is summary of the the shorts I have entered in the last couple of weeks (not including the ill-fated AAPL and PCLN shorts).  My strategy was to take many small loses and hit a couple of home runs. I had one in AE, and should have had one in CBOU but failed to update my stop on Thursday and gave back about half of what I had gained in it. My strategy was further complicated by earnings:I dumped a lot of these just before they reported, for either small gains or losses. I had one (URI) that I missed, and it gapped up on earnings, stopping me out for a bigger loss than I wanted. I gained $269.10 overall on these trades, but counting up the number of trades, that doesn't even cover comissions. I have decided to increase my starter positions: they were between $1500-2000: now for most positions I will double that. These last couple of weeks have been quite educational for me, and a lot of fun. If you want to join the game the link is on the right side of the page.