ReformedPatriot > Trade Notes

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5 Day 12.21%
15 Day -6.77%
1 Month -22.50%
3 Month -45.49%
6 Month -27.45%
As of: 01/08/09
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Member since: Feb 08

Bought 100 shares of COGT at 10.13

Users Bought (30 Days) 2 (100%)
Users Sold (30 Days) 0 (0%)
Market Cap 1.09B
52-Week High 14.40
52-Week Low 7.88
10 Day Volume 959,000
P/E 27.09
EPS (Trailing 12 Mos.) 0.45
1Day 5Day 1Mo 3Mo 6Mo 1Yr

Transaction: Bought
Symbol: COGT
Quantity: 100 shares
Price: $10.13
Value: $1,013.00
Stop Order: No @ $N/A
Target Price: $11.00
Been following this company for a while. Today they announced preliminary 1Q earnings and narrowly beat market estimates. Stock was up over 11% today. I figured there would be a massive sell off as people cash in so I set my limit and went to bed. Theorhetically this stock will see another moderate surge tomorrow at which time I'll try to cash in at it's peak. Hopefully that is between $10.75-11.
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Posted by ReformedPatriot on 05/12/08 at 09:38 AM

Tag It | 1 user tagged it: COGT, stock, buy

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lifeisgrand

Member since: May 08

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lifeisgrand
I hope this trade works for you.   This chart might be called a "Bull Flag", and here's a different way someone may want to play this.     The range set up on this chart today is roughly 10.00 - 10.70.   Often times a bull flag will be in a consolidation within its trade range for maybe 3 days or so.   In time a breakout will be made, usually higher, but at times lower.   A person might sit and watch and an entry point bullish might be 10.70 to 10.70; an entry point bearish might be at 10.20 to 9.95 (depends upon how the consolidation looks).   How far might it move?   Well the bull flag move was 9.50 to 10.25, so we might look for a movement of 0.75 on the breakout.   Just a friendly opinion, YMMV.
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corbinb2

Member since: Nov 07

5 Day 2.90%
15 Day 13.36%
1 Month -8.16%
3 Month -12.84%
6 Month -41.37%
As of: 01/08/09
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Trades 76
Trade Notes 79
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Age: 40's
AZ UNITED STATES
corbinb2

Looks like a good play, but my charts show you may have gotten into this a little high given the under $9.00ish pre earnings price on Monday. If you are in the money you may want to get out earlier than 10.75, but as a long term play, it should still work.

 Just my opinion...:0)

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lifeisgrand

Member since: May 08

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lifeisgrand
  I took it from 10.51 to 10.6 for 1% today.   I think the pivot points are 10.25 for bear and 10.6 for bull right now.   I'd be curious about your thoughts on an exit plan for your trade.  What is the event(s) that will end this trade for you?  
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lifeisgrand

Member since: May 08

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lifeisgrand
This stock's movement the past few days, especially today, was wonderfully predictable.   It narrowed into a nice trading range and 10.6 was the bullish spring...  its so nice when they are predictable.   Now it appears that resistance will be at 10.98 and support will be at 10.6.  
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