25th April 2012 – AVGO… back in business?

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
			34.50		Profit	6 Days

 

Reason for Buy / Sell / Short / Cover:

 

1. My stop loss point at $34.50 triggered.
2. Market rally just because AAPL quarter report is much better than expected. AVGO also follow the rally and gave a rebound.

 

Lesson Learnt:

 

1. I was actually thinking of cover @ $32.80, but I was greedy and expect it to drop further to $32.00 which is the next support trend line.
2. I was also thinking of how to add my short in this ticker.
3. Anyway, this stock is still a good short candidate, will come back later.

 

Intraday Chart

Historical Chart

21st April 2012 – It is time to go… down for AVaGO!

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
		37.00		36.00

 

Reason for Buy / Sell / Short / Cover:

 

1. Saw a gapped down on AVGO when market opened.

2. Daily chart has shown price go down from 20MA line already and 20MA line has started to curved downward.
3. Now when market opened, price punched through the 50MA line downward confirming the downtrend.

4. We have a very attractive and safe entry for a short.

 

Lesson Learnt:

 

1. All secondary indicators are moving south.
2. Monthly chart show a very obvious double top formation.
3. All indexes are also getting weaker. AAPL stock was hit too.

 

Intraday Chart

Historical Chart