Archive for December, 2012


ACN – Out 70%

Sold 70% of my shares @ 69.67

Moving the stop to 68.69 for the remaining 30%. Target is 70.80 – 71 range (the horizontal grey line in the chart).

Why did I sell now?  My risk (R) in this trade was 68 cents, or R = 0.68.

ACN went up to 2R or 1.36 , actually it was 3 cents shy (only went to 69.75), but when it started to come down I sold off.

It’s a whippy market so it’s better to just take singles instead of trying to get home runs. Getting 2 times my initial risk is a solid trade, I’ll take that anyday.

ACN_Dec052012

EA

Long EA @ 14.58

Will buy more if we get a pullback to the daily 20 ma that I was hoping for.

ACN, EA, SWHC

Long ACN @ 68.42  , looking for the break of the last 3 day consolidation. This should be a fast trade lasting a few days.

Stop @ 67.74

ACN_Dec042012

 

 

EA is pulling back nicely, looking to enter after confirmation on hourly chart.

 

SWHC is interesting, looking to go long on the break of the recent highs or a break of today’s high sometime tomorrow.

Stop would be the under the low of yesterday @ 10.78.

SWHC_Dec042012