Category: Stocks


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

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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

AAPL – Out

All out of AAPL @ $574.85, when it broke through the previous day’s low I decided to bail.

Will watch for re-entry but will need a good setup.

EA on watch

Looks like it’s finally breaking out of it’s 4 month consolidation. I missed the initial break and have been watching it since. Want a pause or pull back before getting in.

Target is around the $16.70 – $17 area.

One good thing about these strong runners is that they are great for intra-day pull back trades on the 15minute and hourly charts.

Early Christmas

All out of YHOO, last lot @ $18.80

I was looking for a steady climb into the $20 range but it kept on going and finally today Goldman Sachs decided to put it onto their “Conviction Buy” list which resulted in a nice gap up. I took that as a sign to exit and wait for the stock to calm down. I’ll be tracking this one to re-enter, possibly in a week or two.

AAPL continues to be strong so I’m raising the target on my remaining shares to $620. New stop has been raised to $573.70.  The setup yesterday was actually a nice one to add shares, oh well.  Awesome stock, awesome products.   Definitely my stock of the year.

Courtesy of Apple subsidizing some speculative earnings plays, I’m looking at FMCN for today’s announcement after the bell.

AAPL – Scale out

Out half my position at $544.13. I don’t like the huge gap up at the open.

Will scale in if it pulls back.

 

Update: stock is just crazy, so I sold out another 25% @ $567.13.  Moving stop to $536.13 on remaining shares.  Target (daily 20ma) is now at $575.

AAPL – Long

Apple kept on falling  in dramatic fashion right to my buy point around the $508 area as stated in my previous Nov. 8th post : https://xtradespace.wordpress.com/2012/11/08/aapl/

It was a gift of a trade since I could double dip by buying both a large day trade position and a smaller longer term position at the same time.

Bought in the low $509 area and sold my day trade position in 2 lots. One lot in the mid $519 area and the 2nd in the mid $527 area.

For the remaining longer term shares, my stop is below the low of $505.75.  The best part is the day trade paid for any losses in this trade so it’s like a free ride at this point.

Target is the 20ma (fuchsia line) which is sitting around the $570 area.

It’s a very bullish hammer candle pattern (price drops dramatically and then recovers to end the day positive) that hopefully will be confirmed to the upside next week.

YHOO update

Exited 25% of my holdings at $18.10,  leaving me at only 25% of my original position.  Hopefully it will rest and consolidate so I can build up my position again for the 2nd leg of the move to the $20.49 area.

 

AAPL

Ugh, our internet was out for like 6 hours today 😦  Just got it back…

Apple tanking hard, I have a custom support line at $508 area, give or take a few dollars. I will enter and load up if it gets down in in quick fashion. If it grinds down then I’ll wait for a classic bounce-pullback-enter setup.