shainadir
25 posts
msg #110819
- Ignore shainadir |
1/31/2013 1:22:05 PM
To save myself headaches, I generally dont enter bio med stocks that I never heard of so I skipped HALO today. Still in WBSN from 13.55 and RIMM 12.64. Will likely exit both today by EOD.
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oldsmar52
104 posts
msg #110833
- Ignore oldsmar52 |
1/31/2013 4:56:25 PM
In HALO at $6.10 & out at $6.68..........now that's a good day!!! Thanks, Kevin and all
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BarTune1
441 posts
msg #110836
- Ignore BarTune1 |
1/31/2013 8:46:32 PM
I got in HALO, WBSM and RIMM at 6.24, 13.50 and 12.62. Dumped WBSM and RIMM later in the day up 5% which is good using $10K units.
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Billirider321
62 posts
msg #110838
- Ignore Billirider321 |
2/1/2013 1:11:56 AM
Hi Kevin,
Have you considered not trading medical/health care related stock as they are kind of gamble. Example CLSN
has droped 70 percent today we need to stay clear of such stock. Whats your thought.
On other note are you using automated trading through prodigio or manually entering the trades.
Thanks
Bill
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Bladerunners
5 posts
msg #110839
- Ignore Bladerunners
modified |
2/1/2013 6:46:22 AM
Wouldn't want to be holding a biotech going into an important announcement -----------> CLSN down 82% because of phase 3 FDA failure.
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Kevin_in_GA
4,599 posts
msg #110840
- Ignore Kevin_in_GA |
2/1/2013 8:27:50 AM
Like any technical system, it all boils down to statistics. Owning CLSN was fine last week when it made you money. The system "dodged that bullet", but there is no way NOT to take some hits. The issue with CLSN could just easily been an 80% gain.
You could try adding "Not Industry(Medical - Biomedical)" to exclude stocks like CLSN, but you are also excluding 175 other candidates that might make good money.
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Bladerunners
5 posts
msg #110865
- Ignore Bladerunners |
2/1/2013 11:24:36 AM
VMM filled @ 16.35
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shainadir
25 posts
msg #110869
- Ignore shainadir
modified |
2/1/2013 11:40:18 AM
Anyone else in AVG? Moved fast this morning, got filled at 12.91. Looking for target of 13.70.
Edit- closed position at average price of 13.25. Dont want to hold anything over weekend.
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dcsnowden
52 posts
msg #110885
- Ignore dcsnowden |
2/1/2013 4:44:08 PM
K.....looking back thru the backtesting....were there any other 50 or 75% hits like CLSN?....and if so...were they also pharma related or some other group or pattern we could be made aware of in an attempt to eliminate potential risk.... HALO also looking a bit dicey....THX in advance
DCS
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Kevin_in_GA
4,599 posts
msg #110886
- Ignore Kevin_in_GA
modified |
2/1/2013 6:16:44 PM
DCS - remember that CLSN crushed it for this system. In on 1/18 at $6.87, and out on 1/23 at the open price of $7.95 (the day after the RSI(2) crossed above 55). That made CLSN a profitable trade to the tune of 15.7% before commissions.
I understand folk's concern here but that is a concern for ANY system, and it only gets more likely the longer you are in the trade. This is a quick in and out for the most part, so the risk is marginal.
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