Friday, April 1, 2011

Joy Global, Inc. (JOYG)

1. LONG the week of 6.9.03 at $6.33 with a $4.93 stop. Peaked at $67.24 almost three years later in April 2006, then drifted back down to my $45.97 stop the week of 7.3.06. Gain of 621.2%




2. Reversed to SHORT the week of 7.3.06 at $45.65 with my stop at $64.91. Dipped to $29.29 in late September, then bounced up to $40 in October and finally past my $41.98 stop the first week of December. Gain of 7.6%

3. Reversed to LONG the week of 12.4.06 at $42.18 with a $31.81 stop. Slowly traded up to a high of $52.37 the week of 2.20.07, then crashed the following week on a bad earnings report, taking out my $40.29 stop. Loss of -5.3%

4. Reversed to SHORT the week of 2.26.07 at $39.93 with a stop at $55.33. Briefly dropped to $38.01 the following week, then quickly jumped up to $50 in April. One more surge the week of 5.29.07 pushed it past my $49.11 stop. Loss of -37.2%

5. Reversed to LONG the week of 5.29.07 at $54.78 with a $42.00 stop. Continued to trade upwards into July, reaching $61.84 the week of 7.26.07. But just like in February, a missed earnings report pushed the stock off a cliff the following week, triggering my $49.25 stop. Loss of -18.6%
  
6. Reversed to SHORT the week of 7.23.07 at $44.58 with a $61.06 stop. Traded down to $39.85 three weeks later, then reversed direction and climbed steadily up to my $54.76 stop the week of 11.26.07. Loss of -23.3%

7. Reversed to LONG the week of 11.26.07 at $54.95 with $40.38 for a stop. By the first week of June it had traded up to $85.84, but in early September the financial crisis had begun to cause a full-blown panic, and that quickly drove the stock far below my $64.33 stop. Loss of -10.5%

8. Reversed to SHORT the week of 9.2.08 at $49.19 with a $74.43 stop. From a low of $13.67 (!)  in the middle of November it rebounded to $25 at the end of the year, then traded sideways into April before rising to meet my $28.23 stop the week of 5.4.09. Gain of 39.4%

9. Reversed to LONG the week of 5.4.09 at $29.80 with my stop set at $17.74. Nearly doubled to $60 by the end of the year, and traded up nicely through 2010, eventually reaching $100.58 the week of 2.14.11. It took a breather in early March, briefly dipping below $90, but it recovered last week to close at $96.01, and today it's trading above $102. The stop has moved up to $79.31. Gain of 222.2%

Scorecard:
Winning Trades: 4 | 44.4% | $32.10/share avg.
Losing Trades: 5 | 55.6% | -$8.69/share avg.
Average Trade: Gain of 88.4% | $9.44/share

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