We are holding a 10,000 share position of ANTH long at $3.51 and 10,000 shares of TZYM at $2.90. We are holding these two position in anticipation of a "Controlled Bounce" at the open on March 13, 2012. Historically, we have seen 8-11% corrections the following open on stocks that gap down like both of these issues did today. Because of the drastic range in today's session, we will be keeping tight stop losses in place while trading both issues.
On capital exposed of $8,200.00 we grossed $7,400.00 or 90% internally.
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TRADE 1
3/12/2012 TARGET TRADE
Symbol:ANTH -
Trade:LONG
Entry Price:$3.25
Exit Price:$3.45
Stop Loss:$3.15
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| Trade 2 |
TRADE 2
3/12/2012 TARGET TRADE
Symbol:ANTH -
Trade:LONG
Entry Price:$3.28
Exit Price:$3.43
Stop Loss:$3.18
TRADE 3
3/12/2012 TARGET TRADE
Symbol:TZYM -
Trade:LONG
Entry Price:$2.51
Exit Price:$2.90
Stop Loss:$2.39
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.
