March 20 Final Trade Report

March 20 Final Trade Report Card

Based on the closing prices on March 19, 2012, we picked the following individual stocks to watch and trade both long and short, into this mornings session. Every pick we made was 100% wrong and frankly, we had to flip sides and trade contrarian to our model as a defensive strategy in an attempt to make up our pre-market losses. . We immediately took a loss on KBH and FRO in the pre-market and opted to flip sides from our long position to short entry. Although we made the wrong choices on our picks, our strategy to flip sides paid off and we realized a 73% return on capital exposed and a 22% return on assets under management.

March 20 Final Trades

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 Here is a recap of the performance from the March 19 picks through March 20 trades.

Pre-Market Picks

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As we said in our opening report, we did not trade IPSU nor did we trade DYN.  Both issues FAILED to meet the average daily volume requirement for our model.  Every single pick we made yesterday afternoon to trade this morning was 100% wrong. We had to become aggressive and change our strategy mid-stream to cover our losses.  We always use very tight stop losses to mitigate our downside risk because we know we will never be smarter than the market and it can turn at ANY moment. 

Trade Blotter (9:00am - 10:00am)

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We have made up all of our losses from the open and are now trading in positive territory. We will continue to trade FRO in it's defined range throughout this session.

Trade Blotter (9:00am - 12:00pm) 

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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.This is not an offer to buy or sell securities.  This information is used to track the performance of our own portfolio ONLY and is not to be construed as investment advice. Trading involves a high degree of risk and should not be attempted by people that are risk adverse. Don't invest what you can't afford to lose.

February 29, 2012 2nd Trading Report

We started watching VOCS on 2/28/2012 because of the acquisition of iContact. On 2/29/2012 Vocus was downgraded from buy to hold and from outperform to neutral.  We are looking for a "Controlled Bounce" rebound on 3/1/2012. Our short term target is $14.25.


Below is the individual issue we identified for trading on  2/29/2012 and executed on 3/1/2012:



2/29/2012 TARGET TRADE


Symbol:VOCS - 


Trade:LONG 


Entry Price:$13.80 


Exit Price:$14.25 


Stop Loss:$13.50



2/29/2012 ACTUAL TRADE


Symbol:VOCS - 


Trade:LONG 


Entry Price:$13.80 


Exit Price:$ 14.30


Stop Loss:$13.50


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. We implement leverage at a ratio of 10:1. The capital exposed for this trade was $13,800.00 which we used to purchase 10,000 shares of VOCS at $13.80 for a total of $138,000.00. As of this report (2/29/2012 11:15am UPDATE we sold our entire position at 1:14 EST @ $14.30) we have not executed our sell order. We have a short-term target of $14.30 or $143,000.00 which should give us a $5,000.00 profit or 36% on capital exposed.

February 29, 2012 Trading Report

DNDN has modest recovery at open.

DNDN 2/29/12 Open

We are still holding our position in DNDN as of today's open. Our short-term target for today is 11.50.(out of our long position at 10:00am on 2/29/2012)



We carried a long position in DNDN on 2/28/2012 and are looking for a "Controlled Bounce" rebound on 2/29/2012. 


The following is the individual issues we have identified for trading on  2/28/2012 and executed on 2/29/2012:



2/28/2012 TARGET TRADE


Symbol:DNDN - 


Trade:LONG 


Entry Price:$10.90 


Exit Price:$11.35 


Stop Loss:$10.75



2/29/2012 ACTUAL TRADE


Symbol:DNDN - 


Trade:LONG 


Entry Price:$10.90 


Exit Price:$11.50


Stop Loss:$10.75


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. We implement leverage at a ratio of 10:1. The capital exposed for this trade was $10,900.00 which we used to purchase 10,000 shares of DNDN at $10.90 for a total of $109,000.00. We executed our sell order at $11.50 or $115,000.00 which gave us a $6,000.00 profit or 55% on capital exposed.

February 28, 2012 Closing Trade

DNDN Slid At The Close.

We will be watching the aftermarket for any change in direction as a guide for the open on 2/29/2012.

November 1, 2011 - Trade Strategy

The following are the individual issues we identified for trading on 11/1/2011 prior to the open:

Trade #1 

Symbol: NPSP Trade: Long  Entry Price: $5.10 Exit Price: $5.55 Stop Loss: $5.00 

ACTUAL 

Symbol: NPSP Trade: Long  Entry Price: $5.05 Exit Price: $5.56 Stop Loss: $5.00

Trade #2 
Symbol: EXEL Trade: Long  Entry Price: $4.55  Exit Price: $5.15 Stop Loss: $4.45 
ACTUAL 
Symbol: EXEL Trade: Long  Entry Price: $4.55  Exit Price: $4.77 Stop Loss: $4.45

NPSP was a quick pop at the open which made for a quick exit at the crossover with the STOCH crossing 80.

EXEL was a trade that developed a longer hold pattern. The stock did not react as we had hoped so we sold our position early to preserve capital.