The Babe's Trades

[riverbabe]

Never had one of those. Does someone actually call or do they just start closing positions?

"They" don't do anything if you cover it. They let me know by email. It was only a couple of hundred dollars. I could have sent them a check from my checking account, or sell some stock, which is what I decided to do.

Actually, with the number of shares in each trade I made, I came out in the green with $$ left to reinvest. I sold AMRN because I had a healthy gain and had held it a long time. The FDA date is in July, so have time to get back in. Lately it's been topping out so decided I can get back in for less if I want to. I had bot ARNA yesterday with FDA date next week. Again, it was looking toppy, as though the decision was built in. Don't want to hold thru the decision, so took one-day profits. I wanted to cover CHK yesterday at -6.5% but didn't have the cash. Same with PNRA.

That about sums it up. No prob. No panic. Just a good exercise in getting rid of risk.

[Deaddog]

Got a margin call. Weeded things out. Have targets but not all coming to fruition. Took out the riskier stuff. Left bigger profits on the board.

Never had one of those. Does someone actually call or do they just start closing positions?

[riverbabe]

Any reason behind this flurry of activity?

I'm seeing a pattern of small wins and big losses.

Do you go into a trade with a plan. I know you mentioned mental stops but how do you handle targets?

Got a margin call. Weeded things out. Have targets but not all coming to fruition. Took out the riskier stuff. Left bigger profits on the board.

[Deaddog]

Sold ARNA @ 10.16, +2.46%
Sold AMRN @ 12.62, +10.1%
Covered 1/2 PNRA @ 149.75, +5.8%
Covered CHK @ 18.83, -10.5%

Any reason behind this flurry of activity?

I'm seeing a pattern of small wins and big losses.

Do you go into a trade with a plan. I know you mentioned mental stops but how do you handle targets?

[riverbabe]

Currently holding

long
NEON @ 5.90
NUAN @ 25.94
AMLN added some today @ av. 26.95
AMRN added some last week @ av. 11.45
ARNA bot today @ 9.91

short PNRA @ 159.01
short CHK @ 16.85

Sold ARNA @ 10.16, +2.46%
Sold AMRN @ 12.62, +10.1%
Covered 1/2 PNRA @ 149.75, +5.8%
Covered CHK @ 18.83, -10.5%

[riverbabe]

Currently holding

long
NEON @ 5.90
NUAN @ 25.94
AMLN added some today @ av. 26.95
AMRN added some last week @ av. 11.45
ARNA bot today @ 9.91

short PNRA @ 159.01
short CHK @ 16.85

[Deaddog]

CHK pulling back after today's shareholder meeting voted out two board members and to re-incorporate in Delaware. Waiting and watching to buy.

Partial position CHK short @ 16.85 on Sanford Berstein downgrade and sell-off with subsequent large volume wave up. Big sellers last few days.

The reason women don’t have dirty minds is that they change them so often.

I like that in a girl.

Hope you make a bundle.

[riverbabe]

Chk

Partial position CHK short @ 16.85 on Sanford Berstein downgrade and sell-off with subsequent large volume wave up. Big sellers last few days.

[riverbabe]

Chk

CHK pulling back after today's shareholder meeting voted out two board members and to re-incorporate in Delaware. Waiting and watching to buy.

[riverbabe]

Neon

Has James ever lied to you before?

Thanks for the heads up.

DD

http://seekingalpha.com/article/6431...t?source=yahoo

Up 9.15% today from 5.90 buy. On its way to 30! Cantor Fitzgerald initiated coverage today as BUY

[billyjoe]

Nobody ever went broke taking a profit. Sold CHK @ 18.05 = +14.6% Watching, and maybe will buy again on pullback. Market is in short term up bounce, but medium term down trend. (Hmm... looks like sold too soon.)

River,
I think you are a genius ! CHK wasn't at it's low when you mentioned buying , just 2 days away. Can't get much better than that. Sorry I didn't buy some after I posted.

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

Good trade buying more on the way down. I want to get some more on a pullback, too.

[Deaddog]

Nobody ever went broke taking a profit.

That’s not exactly true. If you continually take small profits and hold on to your losers, transaction fees, the spread and decimation of your capital will eventually eat away your account.

River, my sweet, I hope you’re not of the school that thinks because you haven’t sold an investment you don’t have a loss. Look at your account balance at the end of each month or if you like each year and that will tell you if you were successful or not.

Ride your winners hard and kick the losers out of bed.

Oh Yeah; Good trade on CHK.

[riverbabe]

PNRA short just gapped down thru 200 dma to 135.88
AMLN up 6.44% on rumors take over bids are @ 29.
CHK up 6.41 @ 16.75.

AMRN currently down 4.46%
NUAN (down pretty big, got to see turn around soon. why do I still have this? Deaddog, not a word!!!)
NEON down 5.42% from 5.90.

Nobody ever went broke taking a profit. Sold CHK @ 18.05 = +14.6% Watching, and maybe will buy again on pullback. Market is in short term up bounce, but medium term down trend. (Hmm... looks like sold too soon.)

[riverbabe]

back from Chicago

Added to CHK in PM today for full position.

Currently holding long
CHK @15.75
NUAN @ 25.94
AMLN @ 25.59
AMRN @ 11.89

short PNRA @ 159.01

Low bid in for AMRN to increase position.

PNRA short just gapped down thru 200 dma to 135.88
AMLN up 6.44% on rumors take over bids are @ 29.
CHK up 6.41 @ 16.75.

AMRN currently down 4.46%
NUAN (down pretty big, got to see turn around soon. why do I still have this? Deaddog, not a word!!!)
NEON down 5.42% from 5.90.