Trades for 19th December,2012

Trade 1

Short AEM                        From our watch list.

                                         Short  51.50 /Stop  .70
                           
                                         Target   1    51.25               1/2 +.25
                                         Target   2    51.00               Never hit
                                                              We covered  1/4   for  +15 and again for +.15

                                       Yes we made money.But  since we did not covere fast enough
                                       near  target 2   we took in lot less than  we should have.
                                       
                                        
                                         
Trade 2

 





















Short  PNC                     From our watch list.

                                       Entry   59.26/Stop 59.40

                                       Target  1          59.00          1/2 +.21
                                       Target  2          58.75          1/4 +.40
                                       Target  3          58.50          Never hit. Covered 1/4 +.60 EOD

                                    This  late trade turned out to  be the best.Slow but moving in a
                                     predictable manner ,only that we ran out of time.

                                    risk/Return      .14/.60    =400%