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Strategies & Market Trends : Trading From Main Street.

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To: Brandon who wrote (4)	5/6/2001 9:11:56 PM
From: Brandon	of 226

Cubist Pharmaceuticals provides a good illustration of the Marubozu Reversal Buy (MRB) setup. When looking at the daily chart you can see the wide range red bar that was formed on Thursday. Generally speaking this will show you some degree of panic on the part of traders and investors. On Friday, CBST gapped lower and then managed to trade above Thursdays close. We took long positions in the stock when it traded above $25.90 (Thursdays close) and got out at $28.50 for a profit of apx $2.50. Best case gains on the setup: $3.62. Our initial stop on the trade was placed under $25.40....so for our risk of apx 40 to 50 cents, we got very nice returns. Chart @ swingtrader.net Brandon teachmetotrade.com

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