Sunday, July 10, 2011

Never Confuse Brains with a Bull Market

Of course, I do it all the time. 

I've been doing it for more than two years.

This is just a quick update on all of the positions I'm holding right now.

Apple (AAPL): 
- LONG the week of 3.30.09 at $115.99. My initial stop was $84.39, so the risk (R) on the trade was $31.60. Closed Friday at $359.71 with a $312.19 stop. The new stop for the upcoming week is $311.52. The percentage gain on this trade is 210.1%, and the reward-to-risk ratio is $243.72/$31.60 = 7.71.

- LONG the week of 1.18.11 at $326.58. I used $259.28 for my stop, so the R was $67.30. Closed Friday at $368.70 with a $326.26 stop. The new stop for the upcoming week is $324.24. The percentage gain on this trade is 12.9%, and the reward-to-risk ratio is $42.12/$67.30 = 0.63.

Netflix (NFLX):
- LONG the week of 12.29.08 at $29.87. Using $19.25 for my stop, the risk was $10.62. Closed last week at $295.14 with a $216.13 stop. The stop for this week will be $233.21. The percentage gain on this trade is 888.1%, and the reward-to-risk ratio is $265.27/$10.62 = 24.98.

- LONG the week of 9.13.10 at $126.68. My stop was $103.19, so I risked $23.49. Closed Friday at $162.79 with a $141.86 stop. The new stop for this week is $141.02. The percentage gain on this trade is 28.5%, and the reward-to-risk ratio is $36.11/$23.49 = 1.54.

Wynn Resorts (WYNN): 
- LONG the week of 4.20.09 at $36.88. My stop was $15.28, so my R = $21.60. Closed last week at $161.15 with a $118.18 stop. The stop for this week jumps to $128.53. The percentage gain on this trade is 337.0%, and the reward-to-risk ratio is $124.27/$21.60 = 5.75.

- LONG the week of 8.2.10 at $84.21. With a stop at $62.02 the risk on the trade was $22.19. Closed Friday at $149.01 with a $114.64 stop. The stop for the coming week is $115.71. The percentage gain on this trade is 77.0%, and the reward-to-risk ratio is $64.80/$22.19 = 2.92.

Salesforce.com (CRM): 
- LONG the week of 3.30.09 at $37.27. I put my stop at $23.04, so the R for this trade was $14.23. Closed last week at $156.67 with a $122.82 stop. The stop for this week will be $127.31. The percentage gain on this trade is 320.4%, and the reward-to-risk ratio is $119.40/$14.23 = 8.39.

Baidu (BIDU): 
- LONG the week of 3.23.09 at $18.32. I used $11.34 as my stop, so the risk was $6.98. Closed last week at $147.78 with a $113.18 stop. The new stop will be $114.90. The percentage gain on this trade is 706.7%, and the reward-to-risk ratio is $129.46/$6.98 = 18.55.

- LONG the week of 3.9.09 at $5.39. Placing my stop at $2.89 the R was just $2.50. Closed Friday at $72.27 with a $59.64 stop. The new stop for the coming week will be $61.02. The percentage gain on this trade is 1,240.8%, and the reward-to-risk ratio is $66.88/$2.50 = 26.76.

Potash Corporation (POT): 
- LONG the week of 8.2.10 at $37.80. I used $29.08 for a stop, so the risk was $8.72. Closed last week at $59.19 with a $49.53 stop. The new stop for this week is $49.97. The percentage gain on this trade is 56.6%, and the reward-to-risk ratio is $21.39/$8.72 = 2.45.

Deckers Outdoor (DECK):
- LONG the week of 6.8.09 at $23.80. Using $15.11 for my first stop, the risk was $8.69. Closed last week at $95.18 with a $75.25 stop. The stop for this week will be $75.34. The percentage gain on this trade is 299.9%, and the reward-to-risk ratio is $71.38/$8.69 = 8.22.

- LONG the week of 5.4.09 at $2.52. My stop was $0.47, so I risked all of $2.05. Closed Friday at $27.47 with a $20.81 stop. The new stop for this week is going to be $21.82. The percentage gain on this trade is 990.1%, and the reward-to-risk ratio is $24.95/$2.05 = 12.19.

VMware (VMW): 
- LONG the week of 4.18.11 at $96.81. My stop was set at $74.62, so my R = $22.19. Closed last week at $105.00 with a $79.01 stop. The stop for this week jumps up to $84.40. The percentage gain on this trade is 8.5%, and the reward-to-risk ratio is $8.19/$22.19 = 0.37.

- LONG the week of 4.6.09 at $10.53. With a stop at $6.56 the risk on the trade was just $3.97. Closed Friday at $63.10 with a $43.76 stop. The stop for the coming week is $45.63. The percentage gain on this trade is 499.2%, and the reward-to-risk ratio is $52.57/$3.97 = 13.24.

Boeing (BA): 
- LONG the week of 5.4.09 at $43.65. I used $32.10 for my stop, so the risk was $11.55. Closed last week at $75.07 with a $69.65 stop. The new stop will be $70.09. The percentage gain on this trade is 72.0%, and the reward-to-risk ratio is $31.42/$11.55 = 2.72.

Citrix Systems (CTXS): 
- LONG the week of 4.27.09 at $27.51. My stop was $19.55, so that makes the risk $7.96. Closed last week at $82.98 with a $69.88 stop. The new stop is $70.61. The percentage gain on this trade is 201.6%, and the reward-to-risk ratio is $55.47/$7.96 = 6.97.

Diamond Offshore (DO):
- LONG the week of 1.3.11 at $70.57. Using $57.65 for my stop, the risk was $12.92. Closed last week at $70.71 with a $66.57 stop. The stop for this week will be $67.32. The percentage gain on this trade is 0.2%, and the reward-to-risk ratio is $0.14/$12.92 = 0.01.

Joy Global (JOYG): 
- LONG the week of 5.4.09 at $29.80. My stop was set at $17.74, so my R = $12.06. Closed last week at $97.25 with an $80.17 stop. The stop for this week is $81.47. The percentage gain on this trade is 226.3%, and the reward-to-risk ratio is $67.45/$12.06 = 5.59.

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