Monday, December 17, we had three Stocks to Watch and two Around the Horn subscription trades on our radar. Of these, four were profitable and one was a scratch.

Genentech Inc (DNA) was a 3-2 Pitch short for Monday’s Around the Horn subscription trade list. DNA was gapped down, but within the 10 cents we allow for entry. Within an hour we were at the profit target, with an exit here, or shares peeled off at this level. Any shares left open, with a breakeven stop, had an exit toward end of day on the reversal of lows and cross of 8 period moving average.

Genentech Inc (DNA), 5-Minute Chart


Allergan Inc (AGN) was a Backdoor Slider short for Monday’s Stocks to Watch trade list. Entry was in the morning and AGN traded down all day, first to a consolidation support level and later down to lows. Some shares could have been peeled off early afternoon, but a stop above the consolidation kept the majority of the trade alive through end of day. Exit was end of day.

Allergan Inc (AGN), 5-Minute Chart


Starwood Hotels & Resorts Worldwide Inc (HOT) was a Fastball short for Monday’s Stocks to Watch trade list. Entry was in the morning and HOT traded down sharply before decelerating and reversing. Exit was on this pullback that failed to continue short.

Starwood Hotels & Resorts Worldwide Inc (HOT), 5-Minute Chart


Lasalle Hotel Properties (LHO) was a Fastball short for Monday’s Stocks to Watch trade list. Entry was in the morning if you were willing to take the 10 cent gap down. LHO traded down sharply before reversing. Exit was on this pullback.

Lasalle Hotel Properties (LHO), 5-Minute Chart


For Friday, December 14, we had two Stocks to Watch, one Extra Inning and one Around the Horn subscription trade on our radar. Of these, one was profitable and the rest were no-shows.

Genentech (DNA), 5-Minute Chart


Extra Innings and Opportunities for Tuesday, December 18, 2007:

Starwood Hotels & Resorts Worldwide Inc (HOT), 30-Minute Chart


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Julie Peterson-Manz is cofounder of TraderInsight.com. Email her at julie@traderinsight.com.