The Babe's Trades

[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

[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]

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

[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.

[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

[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.

[billyjoe]

tiedyed,

ARNA is one sweet stock. Normal volume 8 mil. I was hoping for a breakout with 12 mil. and gained 9.6% with 30.5 mil traded. Sure glad I checked the computer to get the entry at 9.19. If the market would cooperate we could get a string of these.

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

[mimo_100]

tiedyed,

ARNA is one sweet stock. Normal volume 8 mil. I was hoping for a breakout with 12 mil. and gained 9.6% with 30.5 mil traded. Sure glad I checked the computer to get the entry at 9.19. If the market would cooperate we could get a string of these.

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

What computer did you check, billy?

[billyjoe]

Mimo, I had a heads up from Morpheus for an entry at 9.28 , but it never reached that number until a blip at about 3:45PM Monday. You can see it on this 2 day chart. http://bigcharts.marketwatch.com/qui...ow=True&time=2

It went to 9.28 or so for a minute then dropped back to 9.19 and I just happened to check the price at that minute and put in my order before the close. Just dumb luck. The volume today was higher than I expected.

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

[mimo_100]

Mimo, I had a heads up from Morpheus for an entry at 9.28 , but it never reached that number until a blip at about 3:45PM Monday. You can see it on this 2 day chart. http://bigcharts.marketwatch.com/qui...ow=True&time=2

It went to 9.28 or so for a minute then dropped back to 9.19 and I just happened to check the price at that minute and put in my order before the close. Just dumb luck. The volume today was higher than I expected.

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

Great story, Billy. Luck is a large part of success.

[billyjoe]

River, I really like DHR. Didn't realize they bought out BEC . Unfortunately I hesitated too long and never bought BEC so here's another chance with DHR. Market cap over 40 bil. they are a dominant company in lab equipment manufacturing as well as dental products and water treatment analysis, diagnostic instruments for several fields. They're divided into 5 segments: Life Sciences, Diagnostics, Industrial Tech, Test & Measurement, and Environmental Analysis. They are so diversified one wonders how they can keep all divisions running smoothly.


Within .50 of an all time high with lots of cash I'm buying shortly. Danaher is a name that isn't mentioned so often here but has appeared in several of Mr. Market's dumps.

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

[riverbabe]

River, I really like DHR. Didn't realize they bought out BEC . Unfortunately I hesitated too long and never bought BEC so here's another chance with DHR. Market cap over 40 bil. they are a dominant company in lab equipment manufacturing as well as dental products and water treatment analysis, diagnostic instruments for several fields. They're divided into 5 segments: Life Sciences, Diagnostics, Industrial Tech, Test & Measurement, and Environmental Analysis. They are so diversified one wonders how they can keep all divisions running smoothly.


Within .50 of an all time high with lots of cash I'm buying shortly. Danaher is a name that isn't mentioned so often here but has appeared in several of Mr. Market's dumps.

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

Sorry billy, didn't see your post till now. The JPM conference swarms with investors. The presentor stocks usually get a boost, witness ARNA and DHR. Rosy pictures for both. I too like DHR. Will put on my watch list. Thanks!

[mimo_100]

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.

Not sure if you still own this, but it closed at 10.81 on a volume of 27,914,979, twice the normal 10-day average volume.

[billyjoe]

mimo, Sold ARNA today for 17% in 8 days, sold MTZ for 7.9% in 20 days. Both Morpheus setups although they sold MTZ for no gain. I held since I may have been using unsettled funds and didn't want to be banned from trading. Luckily it went up from the low that day, Dec. 31st.

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

[tiedyed1]

I'm still in ARNA and holding a bit longer. (As previously mentioned if I had my full position i would have sold off half already; but my sights are on $11.40.) Many biotechs showed super strength today (i.e. look at VPHM which I mentioned earlier, up 8% today).

billy, I have owned MTZ for a while. Got in at 22 and just like the chart and trend for that company.

-Adam

1/18 update: grabbed the profit and got out of ARNA at 10.62. (I saw 11 in sight and got greedy but stopped out and happy it did.) I am decent at spotting breakouts but knowing when to get out is always the toughest for me.