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We have taken a Short position in SWHC @ $7.02 for a swing trade intra-day. Our short term cover target is $6.85 -
3/09/2012 TARGET TRADE
Symbol:SWHC -
Trade:SHORT
Entry Price:$7.02
Exit Price:$6.85 (ACTUAL $6.84 Fill)
Stop Loss:$7.09
Pantheon Traders incorporates a short-term trading strategy we coined the “Controlled Bounce”. This strategy is implemented by executing trades in stocks that have seen a market anomaly in their share price. We have found that historically a 25-30% next day reversal is more often than not the norm on a stock that has been the recipient of either a positive or negative percentage change of more than 11% intra-day. In order for this reversal to be confirmed to trade, the individual issue’s volume must exceed 2(x) average trading volume prior to the market close with a stochastic crossover above 20.00. For this trade, we implemented a leverage ratio of 4:1. On 3/9/2012, the capital exposed for this trade was $17,550.00 which we used to short 10,000 shares of SWHC at $7.02 for a total of $70,200.00. On 3/9/2012 we executed a cover order to $6.84 at 11:35am. We hit our short term target of $6.84 which gave us a $1,800.00 profit or 10% on capital exposed.
