Friday, March 11, 2011

Trading Nebulosity: Salesforce.com (CRM)

1. LONG the week of 9.13.04 at $15.67 with a $9.27 stop. Traded as high as $22.70 the week of 11.1.04, then down and mostly sideways, finally dropping below my $15.47 stop the week of 1.10.05. Loss of -4.3%

2. Reversed to SHORT the week of 1.10.05 at $15.00 with an $20.85 stop. Traded as low as $12.96 the week of 2.7.05, and was still below my entry price 3 months later, then it jumped straight up and through my $17.65 stop the week of 5.16.05. Loss of -18.9% 

3. Reversed to LONG the week of 5.16.05 at $18.49 with a $13.24 stop. Traded as high as $42.99 the week of 1.30.06, then ran out of steam and slowly faded beneath my $33.06 stop the week of 5.8.06. Gain of 68.7%

4. Reversed to SHORT the week of 5.8.06 at $31.20 with a $40.12 stop. Traded as low as $21.64 the week of 7.10.06, then just like my first short trade it moved sideways before exploding upwards past my $30.64 stop the week of 8.14.06. Loss of -5.0%

5. Reversed to LONG the week of 8.14.06 at $32.85 with a $21.67 stop. Traded as high as $75.21 the week of 6.23.08, then drifted sideways and gradually lower, triggering my $52.16 stop the week of 9.22.08. Gain of 54.2%

6. Reversed to SHORT the week of 9.22.08 at $50.65 with a $71.15 stop. Traded as low as $20.82 just two months later when the world was pretty much coming to an end, but it turns out the world actually did not come to an end, and eventually the stock rebounded to hit my $35.28 stop the week of 3.30.09. Gain of 35.9%

7. Reversed to LONG the week of 3.30.09 at $37.27 with an $23.04 stop. Traded as high as $151.26 the week of 12.6.10, but mostly sideways and slightly down since, finishing last week at $129.97. The stop is $114.69. Gain of 248.7%

Scorecard:
Winning Trades: 4 | 57.1% | $34.15 avg.
Losing Trades: 3 | 42.9% | -$1.94 avg.
Average: $18.68

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