Trade 1 The no trade list
Short MSFT From our watch list.
MSFT 's key engineers left last night.MSFT gaped down overnight.
Entry 26.98
Stop 27.02
Target 1 26.80 1/3+.18
Target 2 26.50 Never hit. 1/3+.10
Moved stop to .02 to b/e. Stopped out to b/e.
risk/Return .04/.18 =450%
MSFT whipped around so many times during the day.Based the
entire day.Any entries either way would have only made commissions
for the brokers.
Learn to separate and make a list of no trade stocks. This is one of
them.But today was an exception based on big news.
Trade 2
Short GILD From our watch list.
GILD gapped up at open then slowly drifted down.
After it failed to turn around to head back up again we watched
GILD closely to see a short pattern and entry.
Entry 73.70
Stop 73.80
Target 1 74.40 1/3 +.30
Target 2 73.00 1/3 +.70
Target 3 72.00 Never hit. Covered more for +.1.05
Moved stop to 73 and we were stopped out for +.70
What a trade !
risk/ Return .10/1.05 =1050%
If not for the closing bell GILD could've very well dropped to 72 or
possibly 71.50 .GILD was saved by the bell.Will be watching GILD
tomorrow for possible continuation.
Great trade! Another day at the river!
