BHI Trade on Dec 8, 2014 15:43 from tombro: Tradervue User Stock Trades.

BHI seems to be breaking down from it's recent pop.
This is not a great trade, and I hope this doesn't bite me in the ass- I had no idea why the pop-HAL is acquiring BHI. Since it is a stock and cash deal-BHI is probably falling because HAL is tanking with oil. (if it was all cash - it probably would be hovering around the deal price?)
Since the lack of shorts on TOS has got me kind of trained to go long, I haven't done much shorting. This trade is an attempt to still get some short reps in.

Setup: Flag break
Where are EMA's:Price at 9ema
EMA's-Direction & details: 9 down 20 curling back down…emus are close
Time Frame Alignment: Daily has been erratic - better to avoid
Volume:good
Market action-Spy-Sectors-stock: volatile, gappy, divey. Energies are weak
Stop: 55.62 Tuesday update: Stop Hit....next...
Target: Initial target 54.12
R/R: 28/120
Are Stop/Target proper: NO!!! Target too far. Target should've been a .40 to .60 move based on recent price action