*Before we dive into the numbers, it's important to note that I've adjusted for the 11.09.10 2:1 stock split.
Riverbed Technology went public the week of 9.21.06, but I had to wait more than a year for the initial entry signal. From a low of $6.80 the week of its IPO, it traded as high as $24.71 the week of 7.23.07, and then back down through my $13.95 stop the week of 11.5.07.
Riverbed Technology went public the week of 9.21.06, but I had to wait more than a year for the initial entry signal. From a low of $6.80 the week of its IPO, it traded as high as $24.71 the week of 7.23.07, and then back down through my $13.95 stop the week of 11.5.07.
1. SHORT the week of 11.5.07 at $13.66 with a $24.09 stop. Traded as low as $3.55 the week of 11.17.08, then mostly sideways and gradually upwards, triggering my $6.92 stop the week of 3.30.09. Gain of 71.2%
2. Reversed to LONG the week of 3.30.09 at $7.98 with a $4.73 stop. Traded as high as $44.70 the week of 2.28.11, which was last week. The stop has moved up to $29.84. Gain of 457.4%
Scorecard:
Winning Trades: 2 | 100% | $21.09 avg.
Losing Trades: 0 | 0% | $0.00 avg.
Average: $21.09
2. Reversed to LONG the week of 3.30.09 at $7.98 with a $4.73 stop. Traded as high as $44.70 the week of 2.28.11, which was last week. The stop has moved up to $29.84. Gain of 457.4%
Scorecard:
Winning Trades: 2 | 100% | $21.09 avg.
Losing Trades: 0 | 0% | $0.00 avg.
Average: $21.09
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