Clicky

Short Trade Ideas Updated

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 [...]

Feb 3, 2014 3:49pm|Categories: Completed Trades - Short|Tags: |Comments Off on PRAA First Target Hit & Exceeded

PRAA Short Entry & Setup

PRAA has recently broken below a textbook bearish rising wedge pattern, complete with negative divergences in place at the recent highs.  Following the breakdown, PRAA (Portfolio Recovery Associates) made a backtest of the pattern from below and has since began moving impulsively lower, giving additional validation to the pattern.  Although a reaction off the support [...]

Dec 4, 2013 9:49am|Categories: Completed Trades - Short|Tags: |Comments Off on PRAA Short Entry & Setup

Short Trades Removed

As I'm now able to focus my efforts on the long overdue process of cleaning up the Trade Ideas category, I am doing so in phases starting with Short Trade Ideas (Setups and Active Trades).  I did a once-over of all the charts and placed one of three symbols next to each trade;  "OK" means [...]

May 8, 2013 12:00pm|Categories: Completed Trades - Short|Tags: , , , , , , , , , |Comments Off on Short Trades Removed

PRAA Price Targets & Suggested Stop

Here's an updated chart listing the three profit targets for the PRAA short trade posted earlier today.  As of now, my preferred target is T3 at 92.02 (the actual support/expected bounce level is 91.90 but targets on short trades are placed just above support to help assure a fill).  A stop over the 129.70 level [...]

Apr 15, 2013 6:11pm|Categories: Completed Trades - Short|Tags: |Comments Off on PRAA Price Targets & Suggested Stop

PRAA Short Setup

I need to run out for a quick errand but wanted to share this short setup on PRAA.  As I type, the stock is trading at 119.89 which puts it right on the bottom trendline of this rising wedge pattern.  Consider any move below today's low of 118.71 as the trigger for a short entry.  [...]

Apr 15, 2013 2:26pm|Categories: Completed Trades - Short|Tags: |Comments Off on PRAA Short Setup