Monday, November 19, 2012

Trades for  19th November,2012

Trade 1

























Short   TGT                      From our watch list.

                                         We were watching TGT fro a few days.

                                         Entry     63.03
                                         Stop       63.10

                                         Target    1          63.90       we took 1/3 +.12
                                         Target    2          63.60                     1/3 +.33
                                         Target    3          63.50       Never  hit. 
                                                                                   Covered  1/3  +.23


Trade  2



Long ANF                       From our watch list.

                                       This came to our attention  because of recent earnings.

                                       We missed the early entry  into ANF. So we kept stalking
                                       ANF for a secondary entry.

                                       Entry      43.30 
                                       Stop        43.21

                                       Target     1  43.50           1/2  +.20
                                       Target     2  43.75           1/4  +.45
                                       Target     3  44.00          Never hit.

                                        We raised our stop  to .60     We were stopped 1/4 for +.30

                                        It continued afterwards climbing  to 43.85 just before bell.

                        This week things will slow down to a crawl towards Thanksgiving.
                        By Wednsday  we expect the volume to dry out and hardly any
                        movement  on Friday as most traders would  not bother  showing
                        up. So proper trading should resume on Monday. So we plan to trade
                        accordingly.Slowly and taking whatever we can get, in  light trading.

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