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rjm77me
rjm77me vip
P&P Score: 99.94   Points: 616.65   Accuracy: 77.28%   Average Pick Score: 0.89   Annual Return: 32.85% (94.05% since 7/16/09)  

rjm77me's Blog : JRCC - buyer leading to earning

Date April 19, 2010  Edited: April 19, 2010    Comments Comments (7)    Rate this post Recommend This Post (81)   
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I will swing trade JRCC leading to earning on april 30 before market - meaning will be out by April 29.
It is a swing trade.My profit target is 80 cents to 95 cents (5% profit in 7 trading days)with buy point of 16.30 to 16.50 - will adjust per market
please do your home work before doing your buy or sell trades.
Tags : JRCC  

7 Comment(s):

Author TickerBandit     Date April 20, 2010 05:53 Abuse this post Report Abuse
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rjm77me,

What is your risk on this trade? Will you hold through April 29th if your target profit is not achieved?
Author rjm77me     Date April 20, 2010 10:38  Edited: April 20, 2010 by rjm77me Abuse this post Report Abuse
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I bought on pull back this morning at 16.29 in personal account.
This is volatile
For tickerBandit,
Do you stop loss and profit targets? If, so any trade has a risk - it just require managing it. I will use 3% stop loss on this trade.
Author JoeJustJoe     Date April 20, 2010 10:48  Edited: April 20, 2010 by JoeJustJoe Abuse this post Report Abuse
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I see you closed yer BBBY trade off with basically no gain just before it turned higher again. Do you still like BBBY? ...or are ya skeeerd to jump back in cuz ya might git whooplash? :-) Oh yeah...ya meant 16.29 on JRCC...not 13.29, and the ONLY reason you sed you bot at 16.29 is cuz you see it is in the 16.40's now...well off the low I'm wreckin. But at least we know wherst yer stop is >>> 15.80. GOOG luck with that thur. *-) 3J
Author rjm77me     Date April 20, 2010 12:11  Edited: April 20, 2010 by rjm77me Abuse this post Report Abuse
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Yes it was 16.29 - It is 16.54 now - some lunch and dinner money. Atleast posted the blog before trading. It just provided better entry point today per my projections.
Where it goes is up to market.
for 3J - BBBY has been my trading vehicle - buy sell - buy - sell _ I do not have to tell you when I trade. I wrote my general views on BBBY about 10 days ago and it is working for me. You are free to make your own choice and should concentrate where to make money instead of watching over my shoulder
Author JoeJustJoe     Date April 20, 2010 13:48  Edited: April 20, 2010 by rjm77me Abuse this post Report Abuse
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Yes3J
Author rjm77me     Date April 20, 2010 15:59  Edited: April 20, 2010 by rjm77me Abuse this post Report Abuse
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JRCC made 2 to 2.5% for the day as a safe trade. It bounced off the support level.
Please always use stop loss or proper trade management if using any trade based on my blogs and do your home work.
ONE CAN ALSO SELL MAY 17.5 CALL FOR 0.70 CENTS OR $70 PER 100 SHARES+0.25 0.65 0.75 1,319 2,463. This will limit gain to about $18 on upside and give you $70 while you wait. If you bought any where 16.40 - it gives you approx 10% return in 30 days and protects you to 15.90 on down side. Your stock will be taken away if it closes above 17.50. One can still buy back option if you want to hold the stock any time before the May 21.
Author rjm77me     Date April 22, 2010 13:24 Abuse this post Report Abuse
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STILL HOLDING TO SWING TRADE
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