Man, that ISRG is a beast! I unfortunately got stopped out of it in my IRA last fall just days before it had a huge post-earnings gap up -- just like it's doing again today (sigh). It's almost tripled from my initial buy point. Maybe there's something to that buy & hope, er, hold thing...
Potential swing trades:
Longs - None until August (after the earnings flood)
Shorts - None until August (after the earnings flood)
Potential day trades:
(From Briefing.com)
Gapping Down
Gapping down on disappointing earnings/guidance:
INSP -31%, GIGA -24%, ZBRA -17%, PFCB -15%, CSCD -14%, TRMB -13%, SANM -10%, TALK -9%, ATML -8%, MANH -6%, MCHP -5%, ABGX -5%, THOR -4.6%, LLTC -4.1%, MDRX -4.1%, BYD -3.5%, ASMI -3%, SEBL -2.6%, GW -2,6%, ERTS -1.5%, BIIB -1.2%... Other News: INGP -5%, CAKE -4% (files 10-Q), OTIV -3.3%, TSRA -3.3%, NLY -3.5% (JMP downgrade), SPIR -3%.Gapping Up
Gapping up on strong earnings/guidance: AMZN +10% (also Piper upgrade), RAIL +37% (see recent Briefing.com comment), ISRG +23%, GRMN +8%, ZRAN +7.4%, CTXS +6% (also Legg Mason upgrade), ENWV +5% (Note: stock has 49% short interest), GYI +4.7% (also SunTrust upgrade), SUNW +4.1% (also First Albany upgrade), ATI +4%, FON +4%, RCL +2.4%, AUDC +2.2%, GLW +2%, BA +1.7%, COP +1.4%... Other News: MSGI +31% (announces exclusive partnership with The E-POL Group), WPCS +19% (momentum crowd), NAPS +10% (partners with XMSR), ILSE +7% (Mad Money mention; Briefing.com Note: co due to report earnings tomorrow morning), NYER +6% (extends yesterday's 10% move), DESC +3.4% (NY Power Authority selects co's power system), GERN +3.7% (initiates clinical trial), VNO +3.5% (added to S&P 500).... Under $3: AVAN +14% (new cholera vaccine is safe for children), RGEN +10% (reports JunQ).
Intraday Updates:
- 09:51 The oil inventory report will be released at 10:30, brace yourselves...
- 2:04 THngs are picking up here in reaction to the Beige Book. Naz breaking above yesterday's high
Disclaimer & How I use this list
What method do you use for picking your stops in your IRA?
It varies. Sometimes a set percentage (IBD/CANSLIM style), other times I use a moving average or other support on the chart. I think I used the 50 DMA on that trade.
Not sure if you have used (or heard)a combo of 50DMA and support. Was posted on Tradingmarkets.com a couple of years ago. Doesn't appear it would have helped in this instance.
[1] Never regret a profit
[2] If you had used the 50-day MA as your stop then the stock is not that far away from where it was when you sold. I would be well pleased with it!
Best wishes,
Declan
Huh? Like I said, it's almost tripled from where I sold it, in the mid/low 20's. I took a small loss on it. My big mistake was not buying it back in November
Sorry - got confused. I was thinking you were stopped out in April, not fall as you said.
Declan