Sunday, September 4, 2011

Holding Pattern

Friday notwithstanding, the last couple of weeks have actually been pretty kind to the few stocks I'm still holding. Intuitive Surgical rebounded nicely, and CF Industries was up around 24% for the month of August alone.

No changes/trades from my last post a couple of weeks ago:

- 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 $374.05 with a $321.78 stop. My new stop for the coming week will be $323.32. The percentage gain on this trade is 222.5%, and the reward-to-risk ratio is $258.06/$31.60 = 8.17.

- 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 $370.63 with a $313.30 stop. The stop for next week is $312.67. The percentage gain on this trade is 13.5%, and the reward-to-risk ratio is $44.05/$67.30 = 0.65.

- 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 the week at $181.89 with a $132.35 stop. My stop for next week will be $133.53. The percentage gain on this trade is 116.0%, and the reward-to-risk ratio is $97.68/$22.19 = 4.40.

Precision Castparts (PCP): 
- LONG the week of 9.13.10 at $126.68. My stop was $103.19, so I risked $23.49. Closed Friday at $156.10 with a $128.35 stop. The new stop for the upcoming week is $127.90. The percentage gain on this trade is 23.2%, and the reward-to-risk ratio is $29.42/$23.49 = 1.25.

Wynn Resorts (WYNN): 
- LONG the week of 4.20.09 at $36.88. My stop was $15.28, so my R = $21.60. Closed the week at $147.90 with a $119.58 stop. The new stop will be $118.67. The percentage gain on this trade is 301.0%, and the reward-to-risk ratio is $111.02/$21.60 = 5.14.

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 Friday at $140.45 with a $107.93 stop. The stop for this week moves up slightly to $109.21. The percentage gain on this trade is 667.0%, and the reward-to-risk ratio is $122.13/$6.98 = 17.50.

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 $58.42 with a $46.41 stop. The new stop for next week is $47.16. The percentage gain on this trade is 54.6%, and the reward-to-risk ratio is $20.62/$8.72 = 2.36.

Crocs (CROX): 
- 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 $25.40 with a $19.62 stop. The new stop holds relatively steady at $19.66. The percentage gain on this trade is 907.9%, and the reward-to-risk ratio is $22.88/$2.05 = 11.18.

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 yesterday at $85.90 with a $64.30 stop. The stop for this coming week is $65.86. The percentage gain on this trade is 260.9%, and the reward-to-risk ratio is $62.10/$8.69 = 7.15.

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