Thursday, December 30, 2010

Cats and Dogs Trades Results This Week Thus Far

THIS WEEK UNDER THE CATS AND DOGS TRADES, WE'VE HAD 17 TRADES TRIGGER AS OF YESTERDAY'S CLOSE.

Of those 17 trades, 10 have offered gains , 6 have had losses and 1 is around break-even. Where you entered and exited is a function of your particular % P/L. A lot of you have contacted me for 3C intraday charts to gauge where the trade was and some of you have had excellent exits. I'm not aware of anyone who has given up a gain for a loss. As far as losses, we've talked about risk manageent on these trades so whatever the actuaul trade loss, no losses should have represented more then 2% of portfolio and as I have stated for trades like these, I prefer to keep the 5 risk of portfolio between 1-1.5%, it makes taking the trades worthwhile and with a majority having offered gains, it's a good strategy to keep losses minimal while being able to hit some big winners.

We started off the Cats and Dogs trades last week with a 4-day 215% gain in XOMA.

This week thus far ( gains /losses were compiled this morning ) looked like this:

CRIS    +8% intraday as high as 12.5%
DSCM  +3%
OPXT  +14% as high as 16.7%
URZ     Up to +15% 1 day gain
WEST Up to +10% gain
CFW    +24% 1 day gain, as high as 26%
XING   As high as +85%
EEE     +27% 1 day gain, up to +35% intraday gain until present
ATEC  +8% 1-day gain
FBP which was an earlier trade- the only person I know of I believe exited yesterday as there was a loss of momentum. FBP offered gains of +60%

STEM was at last check trading about break-even

As for signal trades at a loss we had 5 under a 2% loss and one at a 6% loss.

The trades that triggered today have not been figured in as of yet.

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