Friday, May 6, 2011

Precision Castparts Corp. (PCP)

1. LONG the week of 9.15.03 at $18.08. Using $15.40 for my stop, the initial risk (R) on the trade was $2.68. Stopped out and reversed to short at $115.57 the week of 1.14.08. The percentage gain on the trade was 539.2%, and the reward-to-risk ratio was $97.49/$2.68 = 36.44.



2. SHORT the week of 1.14.08 at $115.57. With the stop at $152.58 the R was $37.01. Stopped out and reversed to long at $72.97 the week of 4.20.09. The percentage gain on the trade was 36.9%, and the reward-to-risk ratio was $42.60/$37.01 = 1.15.

3. LONG the week of 4.20.09 at $72.97. My stop was $49.45, so R = $23.52. Stopped out and reversed to short the week of 6.21.10 at $108.53. The percentage gain on the trade was 48.7%, and the reward-to-risk ratio was $35.56/$23.52 = 1.51.

4. SHORT the week of 6.21.10 at $108.53. Placing my stop at $134.39, the risk on the trade was $25.86. Stopped out and reversed to long at $126.68 the week of 9.13.10. The percentage loss on the trade was -16.7%, and the reward-to-risk ratio was -$18.15/$25.86 = -0.70.

5. LONG the week of 9.13.10 at $126.68. The stop was $103.19, so my R = $23.49. Closed last week at $154.52 with a $129.00 stop. The percentage gain on this trade is 22.0%, and the reward-to-risk ratio is $27.84/$23.49 = 1.19.

Bottom Line:
Winning Trades: 4 | 80.0% | $50.87/share avg.
Losing Trades: 1 | 20.0% | -$18.15/share
Average Trade: Gain of 126.0% | $37.07/share | Reward-to-Risk Ratio (R): 7.92

No comments:

Post a Comment