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Strategies & Market Trends : Talk to Lola:)
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To: Lola who wrote (2004)6/10/2013 2:30:43 PM
From: John Pitera   of 2010
 

ULTA -- 15 minute chart ---- with indicators..... it can be shorted here on an intraday basis with a stop just above the last high.....


OK Lola...... I have a live one for you ULTA......... ULTA-- Ulta Salon, Cosmetics & Fragrance, Inc. (ULTA) Cramer describes it as a barometer of high growth, high multiple stocks and thus it may have predictive value for those types of companies that have been one of the cornerstones of this ebullient bull market period

I believe that we want to be watching it very closely..... Now there are several different take profit points..I am not going to go through them all..... but i depending on how strongly the NASD closes and what ULTA does... I might be inclined to put a trailiing stop loss either my 5 and 21 period MA cross over system or a value modified Parobolic SAR..... My stop loss is directly correlated to how large a percentage of my account equity is at risk (VAR -- Value at Risk) I have tied up in this stock and how badly I can get hurt on some type of black swan exogenous development...

John
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