Saturday, March 12, 2011

Aruba Networks, Inc. (ARUN)

1. LONG the week of 5.21.07 at $17.75 with a $12.72 stop. Traded as low as $23.85 the week of 7.16.07, then sideways and down over the rest of the summer, finally trading below my $15.90 stop the week of 11.5.07. Loss of 12.5%

2. Reversed to SHORT the week of 11.5.07 at $15.53 with a $23.05 stop. Traded as low as $1.85 (!) the week of 11.17.08, around the time when so many stocks were hitting their lowest "financial crisis" lows, but it rebounded slowly and eventually tripped my $3.79 stop the week of 4.13.09. Gain of 72.1%

3. Reversed to LONG the week of 4.13.09 at $4.33 with a $2.45 stop. Traded as high as $32.78 the week of 2.28.11, and only backed off a little this past week, closing at $31.88. The new stop is $22.15. Gain of 636.3%

Scorecard:
Winning Trades: 2 | 66.7% | $19.38 avg.
Losing Trades: 1 | 33.3% | -$2.22 avg.
Average: $12.18

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