The Babe's Trades

[tiedyed1]

I looked at the volume by price on ARNA - the top of the resistance on the longest volume line was at 9.50. I bot some at the open today looking for a breakout thru this resistance - my target is 10.99 - what target do you have?


http://scharts.co/WufIOj

If I had my full position I would be taking some off around 10.20 and letting the rest run; however, based on not going in as much as normal and based on todays HUGE volume and pop, I am thinking let it ride to $11.40 area.
Just my .02

Wish all my entries were like this one....

Another one I have brought up in this thread is VPHM, which I still really like and has been showing some nice rise this past week.

[mimo_100]

I looked at the volume by price on ARNA - the top of the resistance on the longest volume line was at 9.50. I bot some at the open today looking for a breakout thru this resistance - my target is 10.99 - what target do you have?

http://scharts.co/WufIOj

[riverbabe]

Hi Billy;
I too got in (w/ half my position) at Monday's close at $9.20 and will be fine if I do not have an opportunity to buy the other half.
Good luck!
-Adam
tiedyed1

Chart looks poised for breakout. Presenting at JPM Healthcare conference so should get a very short term boost from that (tomorrow 1/9 @ 6:30 PM EST). Swing trade good idea billy & tied.

[tiedyed1]

tiedyed,
Good eye on ARNA. I bought late in the day at 9.19 as a swing trade. Looking for a breakout on volume around 12 mil shares tomorrow. Breakout from consolidation just about at 50 & 20 DMA. Stop 8.53.

---------------billy

Hi Billy;
I too got in (w/ half my position) at Monday's close at $9.20 and will be fine if I do not have an opportunity to buy the other half.
Good luck!
-Adam
tiedyed1

[billyjoe]

tiedyed,
Good eye on ARNA. I bought late in the day at 9.19 as a swing trade. Looking for a breakout on volume around 12 mil shares tomorrow. Breakout from consolidation just about at 50 & 20 DMA. Stop 8.53.

---------------billy

[tiedyed1]

Arna?

Hi River;

I see this was one you traded about 6 months ago.
ARNA had some nice action today and wondering...
Looks like some good momentum.

Any thoughts about an ARNA entry at this time???

Thanks; -Adam
tiedyed1

[riverbabe]

River, My son sent me this. Many consider authors' switch to long as shocking. Do you expect big news shortly? It's always been delayed in the past. http://seekingalpha.com/article/1092..._article_title

-------------------billy

I read this one yesterday and almost fell over. What a turn-around! As far as delays go, according to YB posts those with access to Pacer filings say it could be anytime, but the consensus now seems to be by March 1st because of the intervening holidays lately and requests by both parties and JJ's decision to push back the deadlines a little. I have a lot of patience -- all good things, etc.

From YB yesterday
"Filing 846 say:
Under Local Rule 7 and Fed. R. Civ. P. 6, Oppositions to the Post-Judgment Motions are due on or before January 3, 2013, and Reply Briefs in Support of the Post-Judgment Motions are due on or before January 10, 2013.
2. Because of the interceding holidays, the parties have agreed to extend the date to
file oppositions to Post-Judgment Motions through and including January 25, 2013, and the dateto file Reply Briefs in Support of the Post-Judgment Motions through and including February 15,2013.

Also in a previous filing JJ told them once all motions are timely filed and responded to he will have a ruling out within 14 days. So this could play out to March 1, 2013."

[billyjoe]

River, My son sent me this. Many consider authors' switch to long as shocking. Do you expect big news shortly? It's always been delayed in the past. http://seekingalpha.com/article/1092..._article_title

-------------------billy

[riverbabe]

Both are in a down trend. What catalyst will turn these guys around?

AMRN, waiting for successful launch of lipid drug Q1 and good financials Q2, NCE status determination by FDA, BUYOUT still imminent.

VRNG, the judge's final rulings on damages before Christmas or 1/4/13 at latest.

12/21/2012 (tomorrow), the end cometh. What we worry?

[Deaddog]

Very nice!!! I'm still patiently waiting for AMRN and VRNG. You still in?

Both are in a down trend. What catalyst will turn these guys around?

[riverbabe]

River, My son did buy TROV and is up 150% as of today. He's always been lucky or maybe has a hidden stock skill I don't share.

----------------billy

Very nice!!! I'm still patiently waiting for AMRN and VRNG. You still in?

[billyjoe]

River, I e-mailed my son that article and he wondered if I knew about 2 other lawsuit based trades by the author. I don't know where he got that information but the stocks are NEON and a baby biotech, TROV. Do you know anything about any patent infringement suits with either of these ?

----------------billy

River, My son did buy TROV and is up 150% as of today. He's always been lucky or maybe has a hidden stock skill I don't share.

----------------billy

[billyjoe]

Vrng

I think the serious downward price swing days are over.

http://seekingalpha.com/article/1024371-vringo-wins-again-u-s-district-court-affirms-3-5-royalty-rate?source=yahoo

--------------billy

[riverbabe]

Wishing you a great Thanksgiving!!!

DD

Thank you! Had a houseful. Now in process of hand-washing all the good china and sterling. A day's worth of housework. Oh well, it was fun! The WII got a good workout.

[Deaddog]

Wishing you a great Thanksgiving!!!

DD