Portfilio Update 09-05-08

Disney got taken out when it traded below $31.00 on Friday.....:(
Now, of course, how you manage the trade after the entry I think is more important the pick or the entry itself. Take today as Disney is up over 3 bucks and we were looking for a target of $43.34 but that is trading.

So let's see how the picks on August 21, 2008 did. Of the 44 stocks that came up on the hot sheet we only got a base system setup....
1. FFBC: Hit the first target and got stopped out for an overall 49 cent profit.
2. SGEN: Never trigger under the rules....... :)
3. TJX: Hit the first target of 85 cents, then got stopped out at BE on entire trade.
4. ISYS: Hit the first target of 85 cents, nailed for a $1.57 loss.
5. DXPE: Hit the first target of 85 cents, hit the second target for a $4.90 profit.
6. DIS: Hit the first target of 85 cents, then got stopped out at BE on entire trade.

SO out of 6 trades, and if we consider that say 100 shares were bought for each and a first target of 85 cents then we had a overall profit of.....
1. 49 cents on FFBC on the 100 shares.
2. nothing
3. nothing
4. $1.57 loss on ISYS on the 100 shares.
5. $2.87 on DXPE on the 100 shares.
5. nothing

So 49 cents and $2.87 minus $1.57 equals about $1.79. Not bad if you consider looking at the daily Dow30 chart and see that while we were long the market had a bad attitude about everything, what if the Dow30 and the S&P500 were in an up trending market......what if.