tag:blogger.com,1999:blog-973587304515257848.post1717842654388929725..comments2024-02-11T00:12:56.047-08:00Comments on IN THE MONEY TRADES: PBRAnonymoushttp://www.blogger.com/profile/02083421527404780093noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-973587304515257848.post-12483562556197165492010-03-10T12:48:47.384-08:002010-03-10T12:48:47.384-08:00Looks like my timing was pretty lucky. I sold at t...Looks like my timing was pretty lucky. I sold at the highs for the day.Anonymoushttps://www.blogger.com/profile/02083421527404780093noreply@blogger.comtag:blogger.com,1999:blog-973587304515257848.post-36139432393376790782010-03-10T08:35:10.634-08:002010-03-10T08:35:10.634-08:00Based on the original analysis with my stop at 44....Based on the original analysis with my stop at 44.28 I was risking about $166 to make $1300 if it hit my target of $49 or a Risk:Reward of 1:7.8. I posted a little earlier that I was thinking about buying some puts into earnings to possibly hold the position but the more I played with the inputs (unknowns) the more I felt that booking the for sure profit was the prudent thing to do. As I mentioned on the last line of the post I was concerned since the initiation of the positions due to the upcoming earnings release today after the bell.<br /><br />To mitigate risk and to help myself sleep better tonight I decided to close the position out for a for sure gain of $415 gain, with the initial risk set at $166 that is a 2.5:1 risk:reward ratio. It exceeds my minimum of 2:1 laid out in my trading plan, so I am happy to book the profit. It also moved faster than I thought it would. If earnings are a non-event I may look to re-enter the trade to try and capture the rest of my targeted move to 49.<br /><br />If earnings were not right around the corner I would feel more comfortable holding this trade and making the adjustment with the puts I posted earlier.Anonymoushttps://www.blogger.com/profile/02083421527404780093noreply@blogger.comtag:blogger.com,1999:blog-973587304515257848.post-20866808925184197132010-03-10T07:37:55.310-08:002010-03-10T07:37:55.310-08:00Now moving stop up to 45.96, currently trading at ...Now moving stop up to 45.96, currently trading at 46.48. Trying to be prudent with the management of this position.<br /><br />I am considering buying Apr 44 puts to take position into earnings. post an adjustment blog post with new price slices and P&L estimates.Anonymoushttps://www.blogger.com/profile/02083421527404780093noreply@blogger.comtag:blogger.com,1999:blog-973587304515257848.post-71414562538300998872010-03-09T07:27:10.390-08:002010-03-09T07:27:10.390-08:00I did get in on this one. The chart is setting up ...I did get in on this one. The chart is setting up similar to that of the recent breakout of RIMM from the 72 level that took it close to 75 in a day. It may take a few more days to happen. The only thing I am concerned with now is that earnings are tomorrow which could blow my risk estimates out of the water. So I may look to go and buy some protection tomorrow before the close as they report after the bell tomorrow.Anonymoushttps://www.blogger.com/profile/02083421527404780093noreply@blogger.com