A helping hand for Rhian

Junkenstein · 11-08-2011, 04:41 PM

double bump! cause theres finally news on the subject..... if rhi reads this i hope she hsares said news (good) with all of us

Rhian · 11-08-2011, 05:50 PM

I am officially booked at the Mayo Clinic in AZ! I will be going in January and major massive huge enormous thank yous and loves that are making this possible! This really has so much hope when I've really had nothing to hope for.

<3

bithead · 11-08-2011, 07:52 PM

The trade is going well, but time is working against us. I trade options so, over time, our position decays in value (even if the stock moves UP).

As of right now, Rhian's profit is sitting at ~ $65. ROST closed above a key technical level today so it bodes well for the week ahead. I may elect to lock-in profits and close the trade by 4:00pm Friday even if my target prices are not reached. (Holding over this weekend represents 2 more days of value decay that, in my experience, is difficult to make up the week after.)

I'll keep you posted!

Quote:

Originally Posted by bithead

I will donate 50% of the profits that I earn on my trade in Ross Stores, Inc.
Obviously, if this becomes a losing trade, then Rhian won't owe me half of my losses

.

I bought when Ross was at $88.40.

As with any trade, you set target sell prices in advance. For this trade, I will sell half at $92.74, and the other half at $95.85. If everything goes according to plan, I estimate the net profit from this trade to be between $700 and $950. That would result in a donation to Rhian of between $350 and $475.

Follow along!
ROST: Summary for Ross Stores, Inc.- Yahoo! Finance

I'll provide updates here and on Twitter
bitheadturnedtrader (@mr_bithead) on Twitter

P.S. How the KaTG community inspired me to chase my dream:
http://www.keithandthegirl.com/forum...y-dream-16186/

campy · 11-09-2011, 03:39 PM

I'm so happy you've got a date Rhian.

27% and counting

Bucho · 11-10-2011, 01:00 PM

Yeah, that's some awesome news Rhi.

Junkenstein · 11-11-2011, 07:49 AM

re bump

bithead · 11-11-2011, 09:00 PM

It's been a volatile week in the stock market (what else is new?) and ROST has held up well. Today's action was particularly bullish for ROST, gapping higher, filling the gap, closing near its' highs for the day, on increased trading volume. The general market has also positioned itself well to explode higher next week (as early as Monday IMHO).

In light of the above, I decided to HOLD my ROST options position over the weekend and into next week. If we get the technical break-out that I'm expecting, this trade should work out nicely for Rhian... just in time for her to put a deposit down for The Mayo!

Follow along!
ROST: Summary for Ross Stores, Inc.- Yahoo! Finance

campy · 11-12-2011, 04:51 PM

bump up....Bithead, I think it must be the most stressful time to have moved into the market??? Good luck.

Lura · 11-13-2011, 12:58 AM

No donations in three days? We can do better than that.

Donor #10

Junkenstein · 11-13-2011, 04:27 AM

bump

11-08-2011, 04:41 PM	#51 (permalink)
Junkenstein Senior Member Join Date: Mar 2009 Location: Northern Italy (No Guidos Here) Posts: 6,784	double bump! cause theres finally news on the subject..... if rhi reads this i hope she hsares said news (good) with all of us
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11-08-2011, 05:50 PM	#52 (permalink)
Rhian Senior Member Join Date: Mar 2006 Location: San Diego Posts: 4,102	I am officially booked at the Mayo Clinic in AZ! I will be going in January and major massive huge enormous thank yous and loves that are making this possible! This really has so much hope when I've really had nothing to hope for. <3
(Offline)

11-09-2011, 03:39 PM	#54 (permalink)
campy Senior Member Join Date: Aug 2007 Location: Canada Posts: 11,868	I'm so happy you've got a date Rhian. 27% and counting
(Offline)

11-10-2011, 01:00 PM	#55 (permalink)
Bucho Senior Member Join Date: Jan 2006 Location: Aotearoa Posts: 3,902	Yeah, that's some awesome news Rhi.
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11-11-2011, 07:49 AM	#56 (permalink)
Junkenstein Senior Member Join Date: Mar 2009 Location: Northern Italy (No Guidos Here) Posts: 6,784	re bump
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11-11-2011, 09:00 PM	#57 (permalink)
bithead Senior Member Join Date: May 2007 Location: Georgetown, Ontario, CANADA Posts: 1,328	It's been a volatile week in the stock market (what else is new?) and ROST has held up well. Today's action was particularly bullish for ROST, gapping higher, filling the gap, closing near its' highs for the day, on increased trading volume. The general market has also positioned itself well to explode higher next week (as early as Monday IMHO). In light of the above, I decided to HOLD my ROST options position over the weekend and into next week. If we get the technical break-out that I'm expecting, this trade should work out nicely for Rhian... just in time for her to put a deposit down for The Mayo! Follow along! ROST: Summary for Ross Stores, Inc.- Yahoo! Finance
(Offline)

11-12-2011, 04:51 PM	#58 (permalink)
campy Senior Member Join Date: Aug 2007 Location: Canada Posts: 11,868	bump up....Bithead, I think it must be the most stressful time to have moved into the market??? Good luck.
(Offline)

11-13-2011, 12:58 AM	#59 (permalink)
Lura Senior Member Join Date: Aug 2006 Location: San Diego Posts: 121	No donations in three days? We can do better than that. Donor #10
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11-13-2011, 04:27 AM	#60 (permalink)
Junkenstein Senior Member Join Date: Mar 2009 Location: Northern Italy (No Guidos Here) Posts: 6,784	bump
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