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RAX final target hit

RAX has now hit the final (unofficial) target for a 38.3% gain in just two months.  A great example of how most stocks fall much faster than they rise and why expanding one's trading or investment style to incorporate both long and short-side trades can increase your trading opportunities and enhance your returns.  For those [...]

Apr 5, 2013 9:51am|Categories: Completed Trades - Short|Tags: |Comments Off on RAX final target hit

RAX update

RAX was a short trade that recently hit it's final target for a 30.2% in under 3 weeks from entry.  At the time, I suggested booking full profits and considered the trade completed as a bounce was very likely but I also added an additional downside target for those wanting to let some of their [...]

Mar 15, 2013 10:27am|Categories: Completed Trades - Short, Trading Tips|Tags: |Comments Off on RAX update

RAX second target hit

RAX has now hit (and exceeded) the preferred target (T2) for a 20.4% gain in just over a week.  As the original 2nd target level of 60.00 is the key support area, a bounce is very likely soon so unless your trading plan is to hold out for T3, which is still the final target [...]

Feb 13, 2013 2:53pm|Categories: Completed Trades - Short|Tags: |Comments Off on RAX second target hit

RAX second target revised

I have revised the second target (T2) on the RAX short from 60.00 to 60.40.  In the past, I would list my targets with the same price level where I expected the stock to find support (on shorts) or resistance (on longs), often stating that my preference was to set my sell order (to book [...]

Feb 13, 2013 10:52am|Categories: Completed Trades - Short|Tags: |Comments Off on RAX second target revised

RAX update

For those in the RAX short trade, be advised that RAX is currently trading down 12% in pre-market trading at a price of 65.80.   Therefore, this trade should comfortably gap down beyond T1 & my preferred target remains T2 (60.00) so make sure to have your limit order in place to cover in case [...]

Feb 13, 2013 9:07am|Categories: Completed Trades - Short|Tags: |Comments Off on RAX update

RAX stops & target clarifications

Here's an updated chart of RAX with the corrected target sequence (previous chart had the price levels listed correctly but the target sequence showed two first targets (T1).  Also note that an ideal stop for anyone preferring T1 would be on a move over 77.77 while those preferring T2 or T3 might consider a stop [...]

Feb 4, 2013 11:40am|Categories: Completed Trades - Short|Tags: |Comments Off on RAX stops & target clarifications