Cimarex is based in Denver. Did you know that John Denver's "Rocky Mountain High" is one of the two official state songs of Colorado?
Do you know the other song?
1. LONG the week of 6.2.03 at $22.41. With a stop at $18.68 the initial risk (R) on the trade was $3.73. Stopped out and reversed to short at $19.23 the week of 9.22.03. The percentage loss on the trade was 14.2%, and the reward-to-risk ratio was -$3.18/$3.73 = -0.85.
Do you know the other song?
1. LONG the week of 6.2.03 at $22.41. With a stop at $18.68 the initial risk (R) on the trade was $3.73. Stopped out and reversed to short at $19.23 the week of 9.22.03. The percentage loss on the trade was 14.2%, and the reward-to-risk ratio was -$3.18/$3.73 = -0.85.
2. SHORT the week of 9.22.03 at $19.23. The stop was $23.06, so that means R was $3.83. Stopped out and reversed to long at $24.72 the week of 12.1.03. The percentage loss on the trade was -28.5%, and the reward-to-risk ratio was -$5.49/$3.83 = -1.43.
3. LONG the week of 12.1.03 at $24.72. The stop was $20.73, so R = $3.99. Stopped out and reversed to short at $37.52 the week of 6.5.06. The percentage gain on the trade was 51.8%, and the reward-to-risk ratio was $12.80/$3.99 = 3.21.
4. SHORT the week of 6.5.06 at $37.52. With the stop set at $46.18 the R was $8.66. Stopped out and reversed to long at $37.27 the week of 4.16.07. The percentage gain on the trade was 0.7%, and the reward-to-risk ratio was $0.25/$8.66 = 0.03.
5. LONG the week of 4.16.07 at $37.27. The stop was $33.42, so R = $3.85. Stopped out and reversed to short at $51.71 the week of 7.28.08. The percentage gain on the trade was 38.7%, and the reward-to-risk ratio was $14.44/$3.85 = 3.75.
6. SHORT the week of 7.28.08 at $51.71. With a $68.85 stop, the R on the trade was $17.14. Stopped out and reversed to long at $26.67 the week of 4.20.09. The percentage gain on the trade was 48.4%, and the reward-to-risk ratio was $25.04/$17.14 = 1.46.
7. LONG the week of 4.20.09 at $26.67. The stop was $16.07, so R = $10.60. Closed at $117.12 on Friday with a $95.92 stop. The percentage gain on this trade is 339.1%, and the reward-to-risk ratio is $90.45/$10.60 = 8.53.
Scorecard:
Winning Trades: 5 | 71.4% | $28.60/share avg.
Losing Trades: 2 | 28.6% | -$4.34/share avg.
Average Trade: Gain of 62.3% | $19.19/share | Reward-to-Risk Ratio (R): 2.10
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