The Babe's Trades

[jiesen]

Didn’t mean to come across as if I were yelling. Sorry about that. God I hate to see you cringe.

With a stock like ARNA I would probably still be holding.

My process when my mental stop is hit is:

Don’t do anything for at least 10 minutes.

Place a hard stop under the low. ($7.75)

If the price recovers; keep moving stop up below swing lows. ($9.00 then 9.25)

I’ll keep moving the stop up until I get to my mental stop and then I’ll make it a hard stop.

Hope and Pray it keeps going up. But I now have a hard stop in place. No more emotion involved.

thanks for the idea, DD. that's a nice, solid plan. I find myself sometimes stuck, trying to figure an exit, and miss out big time just because of a lack of a plan...

[riverbabe]

Covered final 1/2 PNRA short @ 146.29, +8%

[Deaddog]

Covered final 1/2 PNRA short @ 146.29, +8%

Hey Babe, I’m not growling at you so don’t cringe. I’m barking to draw your attention to something that you may or may not want to take a look at.

PNRA was a great short @ 159.
Did you have a target in mind when you put the trade on?

I’m not trying to belittle you or embarrass you; I’m hoping that by reviewing your trade if you made a mistake we both might learn from it. I’m not saying that you actually made a mistake; it’s quite probable that you were following a well thought out plan and were willing to take on a defined risk to achieve additional profit. I’d just hoping you will be willing to share your thinking on that trade.

How much do you rely on chart reading to assist in exiting a trade? In hindsight there are all sorts of warning signs. Traded below the 200ma and didn’t close there on above average volume; bounce off the 200ma 7 days later; stopped making lower lows; Traded above an inside bar.

I know, charts are easy to read looking to the left. Where is it going Monday? I don’t know but I’d trade it in whatever direction it moves. I’d put in a buy and sell stop order above and below the high and the low. Which ever triggers; the other would be the stop.
I’d look for a$6.00 move in either direction for a 1:2.5 risk/reward ratio.

Barking dogs don’t bite! You might get licked a little.

[riverbabe]

Hey Babe, I’m not growling at you so don’t cringe. I’m barking to draw your attention to something that you may or may not want to take a look at.

PNRA was a great short @ 159.
Did you have a target in mind when you put the trade on?

I’m not trying to belittle you or embarrass you; I’m hoping that by reviewing your trade if you made a mistake we both might learn from it. I’m not saying that you actually made a mistake; it’s quite probable that you were following a well thought out plan and were willing to take on a defined risk to achieve additional profit. I’d just hoping you will be willing to share your thinking on that trade.

How much do you rely on chart reading to assist in exiting a trade? In hindsight there are all sorts of warning signs. Traded below the 200ma and didn’t close there on above average volume; bounce off the 200ma 7 days later; stopped making lower lows; Traded above an inside bar.

I know, charts are easy to read looking to the left. Where is it going Monday? I don’t know but I’d trade it in whatever direction it moves. I’d put in a buy and sell stop order above and below the high and the low. Which ever triggers; the other would be the stop.
I’d look for a$6.00 move in either direction for a 1:2.5 risk/reward ratio.

Barking dogs don’t bite! You might get licked a little.

Dog, I didn't even have to look at the chart on this one, as it has been burning into my eyeballs every day since I made the original trade. The gap down below the 200 was because of an announcement that Starbucks had bot some kind of bakery-type company and would compete. The fact that it didn't stay there, and stayed around 141+- for quite a while before moving up to around 150 showed too much support evident for my short risk, so I covered it as soon as I could. Not a good explanation, but my gut was talking very loudly. I think long would be the way to go here if at all.

[riverbabe]

Amln

Sold AMLN @ 30.72, +14%

[riverbabe]

Neon

Forgot to post, sld NEON last week @ 6.04. Got out because I saw a good analysis of the patent claims and AAPL should be able to get around them. Don't see 30 for NEON any more. Got out with +1% green. I'm okay with that.

Currently holding:

AMRN @ 14.435, currently +3.57%
NUAN @ 25.94, currently -9.62%.

Sitting on boat load of cash.

[joshcord]

NUAN @ 25.94, currently -9.62%.

Sitting on boat load of cash.

So, you've been in and out of NUAN as I recall. Stopped out last time you and I bought it "together." Wondered how you're feeling about it now at your current price? I just sat tight and am basically where you are now; down 6.5% and wonder each day about where it's headed.

[riverbabe]

So, you've been in and out of NUAN as I recall. Stopped out last time you and I bought it "together." Wondered how you're feeling about it now at your current price? I just sat tight and am basically where you are now; down 6.5% and wonder each day about where it's headed.

I stuck it out too. I still like NUAN, even though it's turned into an "investment." I like the daily chart, building the right side of a cup. The weekly shows a lot of upside, breaking the 50, at least in an Elliott 1up, with 3 and 5 ups yet to come. MacD, CMF, A/D ratio, RSI and stoches good on both charts. All in all I love what the indicators are telling me. May see some resistance at the 200 dma on daily. Earnings 8/6. The market is bullish. I don't see any downside for NUAN. I'm hanging on with confidence. Only down 7.51% now. Getting better every day.

[riverbabe]

Added to AMRN 7/5 on surprise lo-ball bid.

Current:
Long
AMRN av. 14.88 (looking for 20 prior to FDA 7/27)
NUAN 25.94 (looking for break-even then chart for higher)

Cash 22%

[edward]

I'm cruising through some sites today looking for some possible buys and came across Cadence Pharm. As our resident pharma expert, do you have any thoughts on this one? Seems to have a lot of momentum and buy signals for the last while. Thanks River!

[riverbabe]

I'm cruising through some sites today looking for some possible buys and came across Cadence Pharm. As our resident pharma expert, do you have any thoughts on this one? Seems to have a lot of momentum and buy signals for the last while. Thanks River!

I'm sorry, don't know anything about this company except that it sells intravenous acetaminophen for pain control. No info. except what's on web site and Yahoo finance.

[riverbabe]

Nuan

Sold last week @ 23.35 on gap up after earnings. -10%
Still holding AMRN for gain on a b.o.

[riverbabe]

Vrng

As reported elsewhere, in VRNG (Vringo) @ 3.66 yesterday. Speculative. Betting on Mark Cuban and the patent troll. Playing by ear. Waiting for the big boys to pile in and more news on how much they're suing GOOG, AOL, etc. for. Still waiting for AMRN takeover to enrich my treasure trove.

[riverbabe]

Vrng

As reported elsewhere, in VRNG (Vringo) @ 3.66 yesterday. Speculative. Betting on Mark Cuban and the patent troll. Playing by ear. Waiting for the big boys to pile in and more news on how much they're suing GOOG, AOL, etc. for. Still waiting for AMRN takeover to enrich my treasure trove.

Since this post, I averaged down my VRNG to 3.47 and have 8K shares. Yesterday, the judge dismissed GOOG's Motion for Summary Judgement. The stock rocketed up 33%. Trial date is 10/16, but the judge ordered Settlement talks to begin with the first hearing on 10/9. Now the plot thickens! This explains what is going on: http://seekingalpha.com/article/9041...readmore&ifp=0
Drama drama drama!!! In any event, my IRA should be greatly enriched! Thank you thank you Mark Cuban, James Altrucher, the Judge. and VRNG!!!

[billyjoe]

Since this post, I averaged down my VRNG to 3.47 and have 8K shares. Yesterday, the judge dismissed GOOG's Motion for Summary Judgement. The stock rocketed up 33%. Trial date is 10/16, but the judge ordered Settlement talks to begin with the first hearing on 10/9. Now the plot thickens! This explains what is going on: http://seekingalpha.com/article/9041...readmore&ifp=0
Drama drama drama!!! In any event, my IRA should be greatly enriched! Thank you thank you Mark Cuban, James Altrucher, the Judge. and VRNG!!!

Wow, River ! You're good. At 5.24 is it too late to buy? It seems as though a buyout, settlement, or positive trial outcome could only help the price. I'd like to be in your shoes but I know you don't wear a 15 D.
Call me crazy, impulsive, or what you want but I just bought at 5.27. The chart shows that VRNG hit 5.45 on 6/19/12 and 5.55 earlier today so the price isn't as crazy as it might seem. I think I'm going to owe you a nice dinner.
-------------billy