The following trade ideas have been removed from the Active Short Trades categories as they have either exceeded their previous suggested stops (or any reasonable stop, if none suggested) or the stock simply no longer looks to offer an attractive R/R at this time. Some of these trades may have already hit one or more profit targets while others did not. Most trade ideas on RSOTC are immediately removed from the Active Trades category upon reaching the final profit [...]
MFC daily Jan 29th MFC (Manulife Financial Corp) can be shorted on this break below the uptrend line/bearish rising wedge pattern and/or on a break below 17.95 (horizontal support). My preference is to short 1/2 position now & another 1/2 position on a break below 17.95. Click here for the live chart of MFC.
as my primary focus on this site has been working out the bugs, i'm finally getting a chance here to update a lot of trades that were moved into the "Active Trades" category. here's a list of the recently active trades, some of which were stopped out, some of which have hit or exceeded their profit target(s) and others that will remain "Active" for now. keep in mind that a trade may be categorized as both "Active" and "Completed" or even stopped out as every trader or investor has different trading styles, holding periods, risk parameters (stop allowances), etc... [...]
MFC Posted by: rp on the 21st of Nov 2011 at 02:00 pm during the last bear market in '07-'09, i had an absolute field-day shorting the life insurance companies who's variable annuities i used to sell as a broker. for yrs, these companies have been selling both living and death benefits that are tied to the performance of the stock market. unfortunately for them, just like the masses, the naive actuaries for these insurance companies never bothered to factor in that the stock market wasn't an automatic 12%+ per year savings acct that only went up over time...never did they [...]