Trades for 26th October,2012
Trade 1
EXPE From our watch list
EXPE gaped up on good earnings. But looking at the daily pattern
we expected profit taking.
Entry 58.99
Stop 59.02
Target 1 58.87 1/2+.12
Target 2 58.74 1/4+.25
Target 3 58.25 more +.74
more +.99
more +1.25
WE finally closed trade more +.99
After we closed EXPE dropped another $2.00!
But we moved on.
Trade 2
VRSN gaped down on earnings.And we were waiting !.
Met our gap criteria.
Entry 38.84
Stop 39.01
Target 1 38.64 1/2 +.20
Target 2 38.50 but we covered 1/4 +.34
Target 3 37.00 Never hit .We covered 1/4 to b/e.
Trade 3
Entry 62.20
Stop 62.00
Target 1 63.70 1/2 +1.50
Then news hit market that MSFT was going to buy NFLX for $90!. We just held on !. We believed that the way the momentum was building up on NFLX ,there would be a huge short squeeze and set target to 70.
Target 2 70.0 1/2 + 7.80!!
Incredible risk/Return!
risk/Return .20/7.80 =3900%
This was our biggest gain ever!
No comments:
Post a Comment