CALA is a biotech stock that has shown some buying interest while in the midst of a down trend. The recent volume surge has the stock over it's 50 dma, which could start a remount and give it the momentum it needs to make a short term run. This is a speculative setup. Please retweet if you... Continue Reading →
I went short AAPL prior to the trendline break at $292 (see Trade Report). Looking to take profits in the $180-185 range:
While GOOG is on the bullish focus list and I am high on the setup on pullback, it is very overbought. The two period RSI is off the charts extreme. I took a small speculative short position. My stop is at $526. Target is $510. This gives me 2:1 risk ratio.Keep in mind that GOOG's... Continue Reading →
I entered 600 shares of DXO at $2.65. This is a new, leveraged oil ETF. Price is near lows (support), stochastic is oversold and RSI shows a positive divergence. I consider this somewhat of a speculative trade with limited risk.
I am short 100 shares of POT at $208.77. This trade is similar to the failed trade I made in HAL. Basically, I set a short-limit order to go short at $208 this morning. The idea is the stock is so extended that a strong open would likely pull back. Considering the market is also... Continue Reading →
I sold 300 shares of VMX at $124.25 (entry at $111.24) for a $3879 gain (+11.6%). A post earnings IPO play that has done as expected.I sold 300 shares of MICC at $111.13 (entry at $100.63) for a $3150 gain (+10.4%). This was another post earnings breakout play that worked out well.I sold 300 shares... Continue Reading →
I bought 250 shares of LEH at $82.64. This is a speculative play along the lines of the AKAM trade. My target is the recent highs at $86, and my stop will be placed just under the 50 day moving average, around $80. The brokers have been strong over the past few months with dips... Continue Reading →
I sold all 900 shares of STLD at an average price of $39.88 for a $1577 gain (entries at $37.87 and $38.45). Currently we've got a long bar heading right into resistance at $40. This is a strong stock, and steel has been on fire, so I may re-enter on a break of $40 or... Continue Reading →