Trades for   5th November ,2012

Trade 1 

Short CHK                From our watch list.

                                  Another victim of bad earnings.We expected the continuation today.
                                 I had computer problems in the morning  could not enter the trade
                                 at open.We  waited for a retracement and entered the trade on 1 min
                                 chart.

                                 Entry   18.17
                                 Stop     18.23
                               
                                 Target 1    18.00            1/2 +.17
                                  Then we lowered stop to .17 to b/e.
                                 Target 2    17.00              Never hit. Covered 1/2 +.10

Trade  2

Short CRUS               Yes we did not forget it from Friday.

                                  Entry  32.15
                                  Stop    32.25

                                  Target   1    32.00             1/3 +.15
                                  Target   2    31.75             1/3 +.40
                                  Target   3    31.30             Never hit. Covered more  +.65
                                  Target   4    31.00             Never hit.
                                  Lowered stop to .75         all out              +.35

                                  It really  didn't  pull back beyond our exit.