PT3 hit today ($69.99), position closed. Profit: +12.18% based on scaling out, though 22.21% could be gained if one was simply holding (no scaling out).
thank u, there are better set-ups out there, i am certain, a divergence scanner would help, these were just random picks.
This will be the next contender. There is a developping BRD on daily in HIST, could be either an A Class or a B Class. It is not quite there yet.
EBAY (Nasdaq) Ebay Inc Current: $24.20 1/2 position size to allow for possible averaging PT1: $27.50 PT2: depends PT3: N/A Average down: $22.83 Stop: ~$21.00-.50 BLD in MACD HIST on a daily chart attached, though weekly is still pretty bearish, this might turn out to be a rather short-term play. http://finance.yahoo.com/q?s=EBAY
Though I am short ES right now, I will not cancel long calls based on BLDs. If my decision/timing is correct on ES, than it would be interesting to see how the remaining stocks with divergences "behave". EBAY was showing some signs of life on the long side, I think that divergence (shape-wise) is really cool and the timing was pretty good as well. DELL, DELL, DELL...where are you heading? T is still looking great for a short. CAL is another great short in the making. AIT that is a total bitch so far, but - We will see.
Looks like I f...ed up here, as PT1 been reached and I have forgotten about it. Therefore 50% position exit @ $25.00 and the remainder exit @ entry. PnL: +1.42% (+2.83 if not scaling out)