Thursday, June 16, 2011

Five More Short Signals...

Barring a nice fat rally tomorrow, I'll have five more short trades to make tomorrow afternoon at the close. Actually, it will be six, but we looked at Caterpillar in my previous post, so I'm not going to include it in this list.

Riverbed Technology (RVBD):
- LONG the week of 3.30.09 at $7.98. My stop was $4.73, so the risk (R) on the trade was $3.25. Closed last week at $34.03 with a $33.45 stop. The percentage gain on this trade is 326.4%, and the reward-to-risk ratio is $26.05/$3.25 = 8.03.

Priceline.com (PCLN):
- LONG the week of 8.2.10 at $295.25. Using $212.23 for my stop the risk was $83.02. Closed last week at $493.18 with a $463.60 stop. The percentage gain on this trade is 67.0%, and the reward-to-risk ratio is $197.93/$38.02 = 2.38.

Cognizant Technology Solutions (CTSH):
- LONG the week of 4.6.09 at $23.62. With my stop at $16.25 the R was $7.37. Closed last week at $73.00 with a $70.51 stop. The percentage gain on this trade is 209.1%, and the reward-to-risk ratio is $49.38/$7.37 = 6.70.

Baidu (BIDU):
- LONG the week of 3.23.09 at $18.32. My first stop was $11.34, so the risk was $6.98. Closed last week at $121.69 with a $119.15 stop. The percentage gain on this trade is 564.2%, and the reward-to-risk ratio is $103.37/$6.98 = 14.81.

Aruba Networks (ARUN):
- LONG the week of 4.13.09 at $4.33. I used $2.45 for my stop, so the R was $1.88. Closed last week at $25.48 with a $24.90 stop. The percentage gain on this trade is 488.5%, and the reward-to-risk ratio is $21.15/$1.88 = 11.26.

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