Trade 1
Short PKT From morning gaps.
Entry 11.99/Stop 12.02
PKT was a low volume stock,But gapped down big today. We missed the
early entry and waited for a secondary entry,which we took.
We were stopped out .Reentered at 11.99 again with same stop but we got out
as it was just basing without any real movement. Later it dropped 11.60.
Our target was 11.50
Trade 2
Short DLTR From our watch list.
Entry 45.65/Stop 45.75
DLTR collapsed very fast after entry.
Target 1 45. 50 1/2 +.15
Target 2 45.25 1/4 +.30
Target 3 45.00 1/4 +..45
DLTR dropped to 45.01 in a flash and bounced. It was too fast for
us to have exited.
Nevertheless it was a tremendous trade at the end.
risk/Return .10/.45 =450%


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