CYBS

Ramsburg · March 27, 2006, 11:56:40 PM

I didn't enjoy much CYBS's final hours of trading... Was expecting a close near the highs of the day, probably filling our selling order (we missed it by only 3 ticks). Not a big issue, but a close near the highs would gave an almost sure up-candle tomorrow and a better exit price, now we can face a few more days for consolidation (or maybe not).

Nevertheless, we are keeping our sell order on the same spot, just updating the stop level (taking a new support in consideration):
We'll continue to hold CYBS with a stop @ $9.10, and a Limit SELL order @ $10.62

Best regards,

DannyOhad · March 29, 2006, 01:27:02 PM

Sold @10.62!!! Way to go Ramsburg!

Ramsburg · March 29, 2006, 01:54:59 PM

Quote from: DannyOhad on March 29, 2006, 01:27:02 PM
Sold @10.62!!! Way to go Ramsburg!

Thanks Danny

I'm not sure if I'm either happy or frustrated after closing this position

One thing I'm sure, CYBS will remain on our watch list, and we'll be prepared for another trade on this stock.

As stated on the first analysis, especially the long term chart pattern, we have a huge potential here, for short term CYBS has just touched our target, and we have followed the plan locking this profit.

Regards !

Ramsburg · April 13, 2006, 06:28:25 AM

This is a 100% technical play.

After we sold CYBS a few weeks ago, our plan was to keep it on the watch list to buy it again on the support level. The only reason we didn't set up an order yesterday was our general market sentiment.

Today we can already see some positive reaction on the support ($9.20), and we can setup a low risk trading plan to trade CYBS again.

There are several patterns playing on CYBS's chart, but we want to get focus on the Ascending Channel, and the $9.20 support level. Our only risk here, is a pattern downside breakout, otherwise, we expect CYBS to hit new short term highs soon.

We'll buy CYBS today at or near the open, and we'll set a stop @ $8.90

Main Trading Idea:
Expected Buying @ $9.50 + Potential above $11 + risk @ $8.90 = Good Risk/Reward Ratio

Best regards !

Leaira · April 13, 2006, 07:49:12 AM

Don't forget, the company's earnings report is coming out next Wednesday. Short-term traders usually don't want to hold thru earnings. Are you planning to hold this stock for only a couple days, or did you plan to hold thru earnings?

Leaira

Ramsburg · April 13, 2006, 07:51:55 AM

Quote from: Leaira on April 13, 2006, 07:49:12 AM
Don't forget, the company's earnings report is coming out next Wednesday. Short-term traders usually don't want to hold thru earnings. Are you planning to hold this stock for only a couple days, or did you plan to hold thru earnings?

Leaira

Hi Leaira,

Depends on todays and Mondays action on CYBS's price, but I expect this to be a really quick play.

metro · April 13, 2006, 11:10:12 AM

Ramsburg,

Nice pick IMO - this is the type I buy almost every day - pullback to support as then if they break support I am out with a tiny loss. If in doubt about the run back up I sell some on the first move up then even if it goes back to support I locked in gains. On some I buy double just to be able to sell half on the way up.

A gold stock with the same set up is GBN - Gold is down today and this one could even go to the lower trend line at the 50-day EMA but these types have long been a favorite of mine http://tinyurl.com/gvwhk

Nice pick ..

Ramsburg · April 13, 2006, 11:34:56 AM

Quote from: metro on April 13, 2006, 11:10:12 AM
Ramsburg,

Nice pick IMO - this is the type I buy almost every day - pullback to support as then if they break support I am out with a tiny loss. If in doubt about the run back up I sell some on the first move up then even if it goes back to support I locked in gains. On some I buy double just to be able to sell half on the way up.

A gold stock with the same set up is GBN - Gold is down today and this one could even go to the lower trend line at the 50-day EMA but these types have long been a favorite of mine http://tinyurl.com/gvwhk

Nice pick ..

Hi Metro,

Thanks for your feedback. I usually trade breakouts, but I also like this kind of setups, because we don't need to give much room to it, I mean, the stop is tight, and usually it's an easy play.

GBN.... hum... looks nice, Thanks, I will keep it on my watch list of potential 3SOF plays

regards !

Ramsburg · April 17, 2006, 02:05:53 AM

A famous stock market quote:
«A good trade is profitable right from the start»
Well... this is not always true... but its really cool when it happens

There was a lot of price activity during Thursday morning, although the stock was less active during the afternoon and didn't close near the highs of the session. We bought CYBS right on the support, so all we have to do now, is to ride the Channel.

Note: It is not uncommon to watch new re-tests on the channel's base (ascending support).

We are going to be a bit tight on this trade, so we'll move the stop higher for now, and soon as we get the necessary room, higher again:
Hold CYBS with a stop @ $9.35 and a limit sell order @ $10.97

Best regards !

Ramsburg · April 18, 2006, 12:49:19 AM

Difficult to move CYBS higher today with such a pessimist market... Even so, CYBS traded above Thursday's high, and closed positive above $10.

Earnings Call will be Wednesday after the bell, we are still evaluating if we'll hold it thru earnings...
For now, we are trying to trade the channel, so we'll maintain the aggressive trading plan, updating the stop one more time, this time to our entry price reducing our risk on this trade to zero:
Hold CYBS with a stop @ $9.55 and a limit sell order @ $10.97

Best regards !

Ramsburg · April 19, 2006, 02:00:45 AM

It's always difficult to make this kind of decision, but after a meeting with eliteG I've decided to maintain our trading plan active on CYBS thru earnings.
By that I mean, that if we don't fill our sell order during the session, we'll hold CYBS thru earnings (if it's a positive call, we'll then change our sell price higher).

Although we must advise our subscribers the risk we are willing to take, which is basically to lose our current (fast) profit on this trade. (Anyone not comfortable with that risk, should exit this position before the close tomorrow)

Earnings Conference will be streamed live here at 16:30:
Cybersource Corporation Earnings Conference Call

So the plan is the same:
Hold CYBS with a stop @ $9.55 and a limit sell order @ $10.97

Best regards,

Ramsburg · April 20, 2006, 02:06:48 AM

Another great session for CYBS, almost filling our sell price during the session (and trading above it during after hours trading).

Earnings were not a surprise:
CyberSource beats by $0.02; issues mixed Q2 & FY06 guidance

The reason we had hold CYBS thru earnings was a very positive expectation on the numbers, since this is a kind of neutral report, and CYBS is trading near our target we'll sell it today locking down a nice fast profit.

We expect the market to go up today, so we'll take that chance to sell CYBS higher than expected.

The trading plan:
Sell CYBS during the morning.

Best regards,

News:

CYBS