When the market gives back, it's certainly generous. We got taken out of all our long holdings, including a whipsaw out of PTEN. The S&P closed at the 50-day moving average; if that doesn't hold, we'll probably bounce back up to hit it in a week or so. If the rally is over, we shouldn't see prices go above today's high. Let's see how buying appetite fares in the coming days. We bought SRS today.
| Current Holdings |
| Ticker |
Basis |
Closing
Price |
Perf. |
Sell-Stop |
Addl Exit Guideline |
Chart |
| SRS |
7.61 |
7.82 |
+2.8% |
7.19 |
N/A |
Chart |
| MZZ |
21.11 |
21.29 |
+0.9% |
20.42 |
N/A |
Chart |
Biotechs?
New Trade Ideas
| Ticker |
Entry |
Exit A |
Exit C |
Chart |
| SNTS (Santarus) |
4.86 |
4.61 |
N/A |
Chart |
| DVAX (Dynavax) |
1.56 |
1.46 |
N/A |
Chart |
Please refer to "How To Trade The Ideas" (right-hand side) to read this table.
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