Trade Recap - 7/20/2011

What a day. Had some nice trades including trades in Zillow, Inc. (Z). This thing was a monster! I stalked Riverbed Technology, Inc. (RVBD) after it got killer after-hours yesterday after releasing earnings. I expected some kind of selling and mid-day bounce, but didn't get it. I will keep it on watch tomorrow. Maybe a small gap up and nice long entry for a short squeeze. Here are the trades:

I had 2 morning trades on NTAP and FTNT. NTAP was long at $50.41 and sold 1/2 position at $50.48 for +.08/share gain and got stopped out even on the rest. FTNT I was long at $21.42 and got stopped out at $21.39 for a -.03/share loss. It was 1 penny from hitting my 1/2 sell order, which is why I raised my stop to $21.39 from $21.30. Not worth showing the chart for these though.

Long ARUN $35.58 w/a stop @ $35.40 Hit a high of $26.01 (.43/share) before hitting the stop. I liked this chart on 15s as it sold off steadily from open. It gave a nice doji on 15s with a clear, low-risk entry and stop. I missed it on 15s the 2nd time, but got a small scalp on it on 2s just before 3PM.

Long Z $34.57 w/a stop @ $34.13 Hit a high of $35.34 (.77/share) before hitting the stop. I was watching this chart on 2s and it set a nice base at $34.50 multiple times while giving higher lows. The entry and stop were clear and looked safe, so I entered. Sold it for a +.27/share gain.

Long Z $35.31 w/a stop @ $35.13 Hit a high of $40.00 ($4.69/share!) w/out ever hitting the stop. I was watching this on 2s again as it made higher lows and a decent base around $35.25/.27 and I knew it it broke this area, it would push through the previous high candle at $35.50. I didn't expect a run to $40, but that's always a bonus. I sold for a +.17/share gain.