Saturday, December 13, 2014

Opened BABA, CYBR

CYBR bounced at the 50 MA earlier this week and despite broad market.  I like this more as a set up on a weekly chart.  I bought here as it is "buying value" as opposed to chasing a breakout so I took an initial position at these levels. If we get our Santa Clause rally, I'll be sitting pretty. If not, my exposure is reduced by buying in this range. 
Entry: 38.48


BABA

Baba looked like  it would continue what it had started after its initial bounce at the 50.   I bought small at
Entry: 106.26

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