I sold 400 shares of TWM at $83.64 (entry at $77.10) for a $2616 gain (+8.4%). I will likely enter again on a pullback or breakout of trading range.
I was stopped out of CREE at $31.90 (entry at $33.53) for a $489 loss (-4.8%). I still like the chart but did not want to increase risk by lowering the stop.
I went short 100 shares of DECK at $118.04
I bought 300 shares of AKS at an average price of $52.89. Steel stocks, while pulling back with the market today, seem to be holding up well. I’ll take any chance I can get to play this stock. I am using a pretty tight stop, so risk is minimal.
Here is the DECK. The stock (which I think will be worthless 2 years from now) tanked last night and broke it’s weak reaction trend (dead cat bounce after trend breaking down move). It made it all the way down to the $111 range. I used the relief bounce for short entry. If the 200 day moving average breaks, we’ll see a big drop.