Kevin_in_GA
4,599 posts
msg #95928
- Ignore Kevin_in_GA |
9/1/2010 9:04:48 AM
Target entry for FAF - 15.00. Market futures indicate a gap up, so I'll see if it will rise ~1% before I short it.
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Kevin_in_GA
4,599 posts
msg #95929
- Ignore Kevin_in_GA
modified |
9/1/2010 9:40:20 AM
Futures being as high as they were, I decided to hold off on covering SUNH until a little later in the day. It opened at 8.19, but quickly dropped back down to 8.14 within a minute or two.
9:38 - note. Covered here at 8.06.
FAF had not hit 15.00 just yet, trading at 14.92.
EDIT: In FAF at 15.00. Now trading at 15.08 (10:09 AM).
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Kevin_in_GA
4,599 posts
msg #95932
- Ignore Kevin_in_GA |
9/1/2010 11:19:27 AM
(11:19 AM) Both INFY and PEP are currently trading above their MA(10). If they remain so, I will close them out at a profit at the end of today (I might as well use this large up move today to my advantage).
All of the short plays are trading higher today, which is offsetting much of the gains from the long plays. All were net gains as of yesterday but are now all net losses. FAF is still trading higher, but my exit of SUNH at 8.06 was well-timed and should cover any damage.
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Kevin_in_GA
4,599 posts
msg #95937
- Ignore Kevin_in_GA |
9/1/2010 4:03:42 PM
Out of INFY at 59.70 and out of PEP at 64.90. TAP almost closed above its MA(10), but pulled back a just smidge before the close. Still in it, but reserve the right to sell at the open tomorrow.
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Kevin_in_GA
4,599 posts
msg #95944
- Ignore Kevin_in_GA |
9/1/2010 10:00:31 PM
9-1-2010 UPDATE:
LONG PLAYS:
TAP - in at 43.70, closed today at 44.73 for a gain of 2.17%
PEP - in at 64.09, SOLD today at 64.89 for a gain of 1.07% CROSSED MA(10) - SOLD AT THE CLOSE TODAY
LULU - in at 33.94, closed at 33.71 for a loss of 0.86%
INFY - in at 57.50, SOLD today at 59.70 for a gain of 3.64% CROSSED MA(10) - SOLD AT THE CLOSE TODAY
SHORT PLAYS:
SUNH - in at 8.57, COVERED this morning at 8.06 for a gain of 5.95%
COT - in at 6.91, closed today at 7.17 for a loss of 3.93%
CRZO - in at 21.26, closed today at 21.97 for a loss of 3.51%
BR - in at 21.37, closed today at 21.58 for a loss of 1.16%
FAF - in at 15.00, closed today at 15.55 for a loss of 3.84%
All trades above include a commission cost of $8.95 per trade.
Net gain/loss so far this week - loss of 0.09% (down $42.14 on $45,000 invested after commission costs of $107.40).
Not sure if I will replace the two long plays closed out today. If I do, it will be looking for a 1% pullback off of today's close on the following stocks:
CSTR - scored 5/6 on the new Connors filters, is below the LBB(42,2), and is more than 2 SD below its usual relationship with the SPY. Entry would be at 41.40, stop loss at 40.15, and profit target at 44.00
ULTA - scored 2/6 on the new Connors filters, and is more than 2 SD below its usual relationship with the SPY. Entry would be at 22.00, stop loss at 21.35, and profit target at 23.35
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Kevin_in_GA
4,599 posts
msg #95957
- Ignore Kevin_in_GA |
9/2/2010 10:31:03 AM
ULTA - scored 2/6 on the new Connors filters, and is more than 2 SD below its usual relationship with the SPY. Entry would be at 22.00, stop loss at 21.35, and profit target at 23.35
++++++
Order filled at 22.00. Already hit profit target (6%) at 23.35. SOLD at 23.35.
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Kevin_in_GA
4,599 posts
msg #95970
- Ignore Kevin_in_GA |
9/3/2010 9:15:37 AM
9-2-2010 UPDATE:
LONG PLAYS:
TAP - in at 43.70, closed today at 44.75 for a gain of 2.22% CLOSED ABOVE MA(10) - WILL SELL TODAY, BUT WILL WAIT TO SEE IF IT GOES ABOVE 45 BASED ON FUTURES LOOKING VERY POSITIVE
PEP - in at 64.09, SOLD today at 64.89 for a gain of 1.07% CROSSED MA(10)
LULU - in at 33.94, closed at 34.36 for a gain of 1.06%
INFY - in at 57.50, SOLD at 59.70 for a gain of 3.64% CROSSED MA(10)
ULTA - in at 22.00, SOLD at 23.35 for a gain of 6.01% (PROFIT TARGET HIT).
SHORT PLAYS:
SUNH - in at 8.57, COVERED this morning at 8.06 for a gain of 5.95%
COT - in at 6.91, closed today at 7.08 for a loss of 2.63%
CRZO - in at 21.26, closed today at 22.37 for a loss of 5.39%
BR - in at 21.37, closed today at 21.87 for a loss of 2.51%
FAF - in at 15.00, closed today at 15.66 for a loss of 4.57%
All trades above include a commission cost of $8.95 per trade.
Net gain/loss so far this week - gain of 0.21% (up $106.01 on $50,000 invested after commission costs of $125.30).
Should have used profit targets on several of the shorts this week. CRZO was at 5+% profit earlier this week, now trading at a 5+% loss.
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Kevin_in_GA
4,599 posts
msg #95971
- Ignore Kevin_in_GA |
9/3/2010 9:40:43 AM
Out of TAP at 45.03 for a gain of 3.04%.
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Kevin_in_GA
4,599 posts
msg #95972
- Ignore Kevin_in_GA |
9/3/2010 9:47:49 AM
Out of LULU at 35.42 for a gain of 4.36%.
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Kevin_in_GA
4,599 posts
msg #96021
- Ignore Kevin_in_GA
modified |
9/5/2010 11:37:13 AM
9-3-2010 UPDATE:
LONG PLAYS:
TAP - in at 43.70, SOLD at 45.03 for a gain of 3.04%
PEP - in at 64.09, SOLD at 64.89 for a gain of 1.07%
LULU - in at 33.94, SOLD at 35.42 for a gain of 4.36%
INFY - in at 57.50, SOLD at 59.70 for a gain of 3.64%
ULTA - in at 22.00, SOLD at 23.35 for a gain of 6.01%
SHORT PLAYS:
SUNH - in at 8.57, COVERED this morning at 8.06 for a gain of 5.95%
COT - in at 6.91, closed today at 7.07 for a loss of 2.49%
CRZO - in at 21.26, closed today at 22.97 for a loss of 8.21%
BR - in at 21.37, closed today at 22.29 for a loss of 4.48%
FAF - in at 15.00, closed today at 15.54 for a loss of 3.77%
All trades above include a commission cost of $8.95 per trade.
Net gain/loss so far this week - gain of 0.17% (up $83.77 on $50,000 invested after commission costs of $179.00). Trading costs accounted for 0.36%.
I need to decide on whether or not I use profit stops - in the case of CRZO I could have netted 5% rather than losing 8%, but for ULTA I took a 6% profit rather than the 19.5% I could have had if I just closed it out at the end of this week.
Either approach, applied consistently, would have made me a LOT more this week.
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