Trades: MS, AAPL, NOV and CROX

I covered my entire 800 share MS short, half yesterday at $63.05 and half today at my target, $60.10 (average entry price was $65.89). That comes out to a $3455 gain (+6.4%).

I have not unloaded CROX yet, despite currenly being about 5 points down (-$2000). I’ve decided to use a very loose stop, just under the 50 day moving average. The potential loss is bigger than originally calculated, making for a crummy reward to risk ratio. I rarely make this kind of move, but there is strong support at the new stop level.

I bought 150 shares of AAPL at $121.75. Technically, the stock looks broken. However, take a look at the price by volume bars on the chart. There is a lot of support here, so I expect a bounce.

I bought 200 shares of NOV at $109.64. The stock i still holding at the moving average, and again there is a lot of support at this level.

5 thoughts on “Trades: MS, AAPL, NOV and CROX

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  1. hi singhMy take on the AAPL purchase is not very positive, I see a broken chart with no immediate support unless we close above todays high.However I have to agree with you on NOV ,it looks like a good entry to me.ron

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  2. Ron,I already sold my AAPL postion at $125.84. I was just looking for a short term bounce. There was too much support for the stock to breakdown without one. BOOM is on my primary watchlist. In fact, when I made my ZUMZ post last night, I almost added BOOM. It’s always risky entering a stock that’s down 4 percent, but it hasnt’ broke down below the breakout point yet, so that’s good. Lots of support at $44 (breakout and price by volume), so I’d place my stop under that level.

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  3. singhI got stopped out of BOOM. I will be a buyer again in the low$41 range.My mistake was , yesterday I watched the stock all day,and despite market weakness, it was extremely strong,thats why I took a position today.On another note I did enter long in GRMN @98.55. Is that one on your screen.Thanksron

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