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Lazy Trade Long & Short: INTU & DNKN

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September 10, 2012 – Comments (0) | RELATED TICKERS: INTU , DNKN , CROX

So far, as previously mentioned I added shares of Alexza Pharmaceuticals (ALXA) and Molycorp (MCP). And by the way, MCP does not look good on the day, and as a result, I'm staring at a nice head fake that'll likely lead me to dump the position before the end of the day. 

As for ALXA, the trade is looking much better and so far I have about 1% in gains there. 

I've also booked gains in Amazon (AMZN) - a trade that I've held since 7/27 when I bought the stock at $233.90. A 10% profit on that trade. Crocs (CROX) may also see some profit-taking from me by the end of the day as well... at this point, I'm still on the fence. 

The lazy trades shown below, of the two, I'm most likely to add DNKN as a hedge against my existing long positions. It has two very nice bear flag patterns that recently formed, with the second one still waiting for the likely sell-off that should follow. 

Here's today's Lazy Trades:

LONG: Intuit (INTU)

SHORT: Dunkin Brands (DNKN)

 

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