LAZY DOG Picks

[Deaddog]

Update;

SFD hit stop on Mar 28. Sold @ 21.94.

[Deaddog]

Going to be without internet access for a week or so;
Leaving my winter home and headed back to the frozen North.
Hardly any casinos offer free internet.
Sold DSW and EFX at break even.
Have put hard stops on the rest.

[Deaddog]

Another set up from my Trading Plan.

Trading Range: Stock has traded in a range for at least 2 tests of both high and low. Range will be a minimum of 10% of the stock price. IE: a $25.00 stock will have a range of at least $2.50. Enter a position at or near the low of the range with the stop just below the range.

SFD meets the criteria for the above set up.

Start position @ 22.25 Stop = 21.95 Initial Target = 24.00
Capital at risk = 0.2%

[Deaddog]

WYN @ 45.32 Stop= 44.6 Initial Target = 48.00

WYN Stopped out @ 44.59
Loss = 1.7%

[Deaddog]

WYN @ 45.32 Stop= 44.6 Initial Target = 48.00

3-5 Bar reversal: Stock is in an up trend; Price makes new high then reverses making lower highs and lower lows for 3 or more Bars. Entry when stock moves above the prior bars high; stop at prior bars low; trail stop at prior bars low.

WYN fits all the criteria for the above set up.

Risk = 0.54% of account.

[Deaddog]

Did you factor in today's earnings report?

Damn!! I missed that. Looked at the set up and took the trade. Never even checked the earnings. I probably would have waited for confirmation if I had checked. Got lucky.

[riverbabe]

Dsw

3-5 Bar reversal: Stock is in an up trend; Price makes new high then reverses making lower highs and lower lows for 3 or more Bars. Entry when stock moves above the prior bars high; stop at prior bars low; trail stop at prior bars low.

Took what I like to refer to as a jumping the gun type of position in DSW @ 54.28

I’m breaking 2 rules for the above set up. Firstly the stock didn’t make a new high but tested and was unable to get thru a recent high. However on the most recent swing up it did close higher than the prior swing up.

Secondly I did not wait for the confirmation and enter the trade at a price higher than the previous days high. I’m entering on a break of the swing highs on a 5 min chart. Right now it looks like the trade should be made tomorrow on a break of todays high.

The rationalization is that the swing lows on the daily chart will be my stop so by anticipating the move I lower my risk.

Stop = 53.20 Initial Target 57.50 Capital at risk = 0.5%

Neat pattern! Did you factor in today's earnings report?

http://wallstcheatsheet.com/stocks/dsw-inc-earnings-positive-earnings-streak-continues.html/

[Deaddog]

3-5 Bar reversal: Stock is in an up trend; Price makes new high then reverses making lower highs and lower lows for 3 or more Bars. Entry when stock moves above the prior bars high; stop at prior bars low; trail stop at prior bars low.

Took what I like to refer to as a jumping the gun type of position in DSW @ 54.28

I’m breaking 2 rules for the above set up. Firstly the stock didn’t make a new high but tested and was unable to get thru a recent high. However on the most recent swing up it did close higher than the prior swing up.

Secondly I did not wait for the confirmation and enter the trade at a price higher than the previous days high. I’m entering on a break of the swing highs on a 5 min chart. Right now it looks like the trade should be made tomorrow on a break of todays high.

The rationalization is that the swing lows on the daily chart will be my stop so by anticipating the move I lower my risk.

Stop = 53.20 Initial Target 57.50 Capital at risk = 0.5%

[Deaddog]

Mid Month Update:




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[Deaddog]

MOLX @ 27.87
Stop = 26.5 Initial Target = 32

Breakout Play. Risking 0.69% of Starting Capital.

[Deaddog]

KSWS Starting to build a position @ 4.20
Stop= 3.75 Initial Target=8.00

Bottom fishing/breakout type of trade: Stock had a huge sell off; tested the bottom several times and is now starting to make higher lows. It tested the $4.00 level and today made a new high for 2012. Took a small position and will add if the price continues to advance.

[Deaddog]

EL @ 60.71
Stop= 59.00 Initial Target= 67

Breakout: Stock has hit resistance 2 or 3 times and moves above this point on above average volume. Entry just above resistance; Stop just below resistance; Exit with a trailing stop.
This move doesn’t have the volume I’d like to see but the risk is less than ½ percent of my capital.

[Deaddog]

Started a position in EFX @ 44.15
Stop: 42.50
Initial Target: 49.15 (3 times the risk)

Breakout: Stock has hit resistance 2 or 3 times and moves above this point on above average volume.

[Deaddog]

SERIOUSLY ya may consider taking a position in DDD and let it ride. The CNBC Fast money report indicated that the potential for DDD is HUGE.
I have increased my position in DDD.......and think about it ......DDD could wind up paying for your vacation.........TAKE CARE DEAD DOG and have a wonderful vacation.........Phoenix!

Good thing I don't trade on tips.

[Deaddog]

I’m taking off for a couple weeks R&R; No phone; No internet.
After much debate I decided to sell everything with the exception of a small position in JDSU. On this position I have a 40 cent trailing stop.

Out of:
AKRX @ 12.72. 15.5% gain
MDCO @ 22.08 5.1% gain
VPHM @ 31.75 8.6% gain
SPG @ 136.63 2.8% gain.

I toyed with the idea of placing trailing stops but decided to cash in. This way I know exactly where I am. I already had the trailing stop set for JDSU and wasn’t fast enough to get it sold at days end. It’s not a full position so it can’t hurt me too bad.

I’ll post a spreadsheet when I get back.

JDSU was sold on the 27th @ 13.82.



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Not great performance;
S&P is up 7.6% for the year.