Kevin_in_GA
4,599 posts
msg #82450
- Ignore Kevin_in_GA |
11/4/2009 9:33:35 PM
So here it is, mid-week .. how are this week's long and short picks doing?
SHORT OPTIONS
S - Sprint Corp FON Group
Weekly Open: 3.02
Weekly Low: 2.78
% Gain/Loss: -7.95% (HIT TARGET)
INO - Genetronics Biomedical
Weekly Open: 1.04
Weekly Low: 1.03
% Gain/Loss: currently at 1.09, up 4.8%. Will need to drop to 0.99 to hit target (-9.8%). NOT LIKELY
SOMX - SOMAXON PHARMACEUTIC
Weekly Open: 2.44
Weekly Low: 2.21
% Gain/Loss: -9.4% (HIT TARGET)
LONG OPTIONS
GKK - GRAMERCY CAPITAL CP
Weekly Open: 3.15
Weekly High: 3.49
% Gain/Loss: +10.79% (HIT TARGET)
APWR - A-Power Energy
Weekly Open: 11.00
Weekly High: 11.85
% Gain/Loss: +7.73% (HIT TARGET)
BQI - Oilsands Quest
Weekly Open: 1.26
Weekly High: 1.27
% Gain/Loss: currently at 1.18, down 6.35%. Will need to rise to 1.33 to hit target (+12.7%). NOT LIKELY
ZLC - Zale Corp
Weekly Open: 4.72
Weekly High: 5.31
% Gain/Loss: +12.5% (HIT TARGET) My bad call on this. Oh well.
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kmcninvest
43 posts
msg #82476
- Ignore kmcninvest |
11/5/2009 10:37:29 AM
Kevin:
Your short filter is different from your long filter. You added the the 10% stop trigger but I don't know how you would know if it was triggered before the 5% was hit or after. I just reversed your long filter and had this list:
SOMX
NEPH
EDAP
CVM
BONU
RPTP
CHLN
INO
As of today all but INO hit 5%.
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Kevin_in_GA
4,599 posts
msg #82477
- Ignore Kevin_in_GA |
11/5/2009 10:53:43 AM
Yeah, but if you run this filter mid-week, it factors in all of the stocks that ALREADY hit their 5% target, which is not legit. You wouldn't know this at the open on Monday (that's why EDAP shows up in your list but not the one I published over the weekend).
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kmcninvest
43 posts
msg #82480
- Ignore kmcninvest |
11/5/2009 11:06:48 AM
ok, got it.
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duke56468
683 posts
msg #82502
- Ignore duke56468 |
11/5/2009 3:16:19 PM
Kevin
Maybe I missed it, but how are you setting your stops so you get more than the target of 5% gain if you are not right at the computer all the time?
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Kevin_in_GA
4,599 posts
msg #82515
- Ignore Kevin_in_GA
modified |
11/5/2009 5:43:06 PM
Well ... it's pretty straightforward.
Buy at the open. Whatever the open price is (which may not be what YOU got it for), multiply by 1.05, and set a limit order to sell at that price. Make the order GTC (good til cancelled) which will keep it in place all week. If the price hits that value, at ANY time during the week, the order will execute and sell your shares at this price.
Set it and forget it. You do not need to be at the computer watching the stock (although many of us do that anyway).
NOTE: Just noticed that you said "greater than 5%" ... I don't shoot for greater than this, I shoot for 5% since that's what the statistics are calculating. Hope that helps.
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duke56468
683 posts
msg #82523
- Ignore duke56468 |
11/5/2009 7:16:41 PM
I may be seeing something wrong (it wouldn't be the first time) but for GKK If you bought at 3.15 your sell stop would be 3.3075 the stock hit a high of 3.34 in the first 2 min and you would have sold at a 5% gain not 10%. Am I doing this wrong?
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rkurtz76
13 posts
msg #82552
- Ignore rkurtz76 |
11/6/2009 8:53:20 AM
All we care about is that it hit 5%. Once the stock hits 5% we sell. Kevin was just posting what the stock did this week. It's great that it hit 10% but that wouldn't matter for us since we sold at 5%.
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Kevin_in_GA
4,599 posts
msg #82603
- Ignore Kevin_in_GA |
11/6/2009 4:14:05 PM
That's right. At 5% you are cashing out. if it goes higher, so what? You hit your goal. Be happy and get ready for next week.
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duke56468
683 posts
msg #82610
- Ignore duke56468 |
11/6/2009 7:29:24 PM
If we hit 2 winners at 5% sell-stop and 1 loser at 10% stop-loss we lose money with the transaction costs. We have to do better than 66% win rate to come out ahead. Am I looking at this wrong?
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