24th April 2012 – Burning sensation of AZO pain relief.

Buy $	Sell $	Short $	Cover $	Stop Loss $	Profit / Losses	Duration
			381.90		Even	One day

 

Reason for Buy / Sell / Short / Cover:

 

1. Decided to cover after seeing a strong move upward even though the market is going down to protect my capital.
2. AAPL is going to report quarter on Tuesday, result is most probably on the +ve side and that can drive the market up easily. Hence it will not be good for  this short.

 

Lesson Learnt:

 

1. My decision at late night was worth every single cents. Price gapped up more than 3% before market today.
2. It is WRONG to pick this stock to short in the first place. Patient, time will come.

 

Intraday Chart

Historical Chart

21st April 2012 – Auto Zone needs a AZO fast relief.

Buy $	Sell $	Short $	Cover $	Stop Loss $	Profit / Losses	Duration
		382.50		392.20

 

Reason for Buy / Sell / Short / Cover:

 

1. Daily chart show that price has gapped up even before earning announcement, but after announcement, price is not advancing but instead slipping downward.

2. Price did come back up to test the previous top, but kept failing.
3. Intraday chart show that it is inside a consolidation phase.

 

Lesson Learnt:

 

1. Market indexes are weak at this point. AAPL stock also got hit.

2. All secondary indicators are daily chart are shouting for SHORT.

3. It still has a support at daily 20MA line.

4. This stock is hard to Short, very similar to AAPL stock.

5. Monthly chart shows that volume has dropped very heavily.

 

Intraday Chart

Historical Chart

5th Jan 2012–Killing a dinosaur at the neck !

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
		320.5		345.10

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

1. Intraday chart start to show weakness.
2. Daily chart shows that it has again punch down through the $315.00 neckline, but manage to rebound back.
3. Daily chart also shows the strong ripple coming to the 20MA line and it is about to do another bear crossing with the 50MA line.
4. Daily and weekly chart MACD, TMF and RSI indicators are all showing weakness.
5. I still have a safety margin of within 10% in this short.

 

Lesson Learnt:

 

1. My short limit should be set to $327.00 instead of rush in for the short. Again, my emotion is controlling my entry.
2. The volume came in is above average. This might cause some concern on this short. Will this be the last push upward? We will see.
3. Will have to monitor closely on the price movement at the 20MA and 50MA lines.

 

Intraday Chart

Historical Chart

08th Nov 2011–Fun but dangerous!

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
			325.76		Even	9 days

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

1. Market start to rally and AZO keep rebound back every time it poke through $324.00.
2. Intraday 18MA and 47MA lines are going to do bullish cross.
3. Daily chart shows that it is trying to challenge the 18MA resistant line again. It might not succeed, but anyway, let's get out and see how it react to it.

 

Lesson Learnt:

 

1. This is a strong stock. Shorting it is never easy.     ;-)

 

Intraday Chart

Historical Chart

1st Nov 2011–Autozone on fire sales!

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
		327.50

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

1. Earning was out, stock tried to move higher but was slammed down.
2. All 3 indexes have advanced big time, but AZO stock is not moving anywhere. Every time (3 times in fact) it tried to move higher (around $332.50), it got slammed down.
3. Long term weekly chart shows that price has came down from the long term uptrend line.
4. Intraday shows weakness yesterday when index gapped down before open.

 

Lesson Learnt:

 

1. Have shorted this stock before and failed. Be careful, no matter what it is still a strong stock.

 

Intraday Chart

Historical Chart

18th Aug 2011–AutoZOne is on fire sale.

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
		290.00		295.10

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

1. Daily chart shows that it hit the resistance at 50MA line.
2. Previous bad downturn of market has made its daily 20MA to down cross the 50MA and 100MA lines.
3. Weekly chart shows that its MACD is on the downtrend.

 

Lesson Learnt:

 

1. This is another strong stock. Be careful and ready to cover anytime. It can just go up when market is bullish.
2. It is going to report quarter report in 20th Sept.
3. Weekly chart shows that the price is still resting on its weekly 20MA line. Be careful!

 

Intraday Chart

Historical Chart

22nd Feb 2011 – Pattern Study - F, FFIV, AMZN, AZO, TGA

Ticker:

 

1. F, FFIV, AMZN, AZO,TGA

 

Topic:

 

1. SHORTs that I "knew", but not taken at all.

 

Lesson Learnt:

 

1. These are the profitable SHORT candidate that I was watching but without action taken. Those points that I pointed out are the points that I had in mind to place my SHORT.
2. You have to be confident with your pattern recognition and take the shot. Set the stop loss and let it play out.

 

Intraday Chart

-NA-

Historical Chart

31st Oct 2010 – My review on AZO

Input:

 

1. -NA-

 

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

1. -NA-

 

Lesson Learnt:

 

1. My thought after my buy back is to go LONG. My thought was right.
2. I have to learn up this skill, that is to reverse my position when necessary.
3. My decision to BUY BACK was correct even though my timing was not good enough.

 

Intraday Chart

Historical Chart