Time for another weekly roundup! We’re approaching Thanksgiving, and remember that is a shortened trading week. There won’t be any trading in the stock market on Thursday the 27th and then it is a shortened session on the 28th.
First up we have Tim Sykes.
$2,458 profit on YOD; Short Stock by Timothy Sykes.
Entry comments: Shorting since despite buyout rumors, it’s sideways and just went red on the day and volume is fading fast, if/once it takes out 2.75-2.80 it could drop 20-40 cents/share which is my goal, tons of shares everywhere, be careful though since quasi-promoter Chardan still trying to prop this up as if it were Weekend At Bernie’s. Exit comments: Didn’t get absolute panic like I wanted, but still a good win overall, shorting a quasi-pump that has broken multi-day support…it probly goes lower, but I hate this penny game, I wanted big panic, no dice, so small gain.
$3,796 profit on VGGL; Long Stock by Timothy Sykes.
Entry comments: Buying on its latest push, trying to break to new highs, goal is to make 20-40 cents/share, it’s been holding its gains well all day. Exit comments: Had to exit one of my positions, trying to manage them all on this plane with spotty wifi is no bueno, nice earnings breakout, RESN still holding and VOIL coming down nicely.
$2,779 profit on RESN; Long Stock by Timothy Sykes.
Entry comments: Bought on the back of this Seeking Alpha article http://tim.ly/1v4kGZg small company working with massive Skyworks on revolutionary technology, admitted in a PR today from parent company, technology pretty much done, goal is to make 50-75 cents/share, nice holding near the highs, discovered just by looking through big % gainers, I’m on a plane right now too! Exit comments: Sold remaining short-term position, didn’t have legs the way I thought it did…sorry again it spiked 40-50 cents/share from my buy alert before I could even type out entire 1st buy alert, screwed up whole trade, but glad I warned people not to chase…thats the risk with low float stocks, tons of resistance up to 7, then bam, slight breakout and it hits an air pocket all the way to 7.50…I have to stick to more liquid names, but this has exciting story so I hold small longterm position still.
$1,542 loss on VGGL; Long Stock by Timothy Sykes.
Entry comments: Buying some into big late day dip, goal is to sell into bounce/ideally morning spike tomorrow for 30-50 cents/share. Exit comments: It hit 3.70 premarket today, but now trending in the wrong direction, even though it’s an earnings winner, its a shady stock with a nasty longterm downtrending chart, I play this EXTRA safe, just like my selling far too soon yesterday and remember its never held its spikes on the 2nd day, I just thought it could retest the high 3s before fading…it still might, but after yesterday’s big runup SAFETY FIRST. This is how you grow an account, bigger wins than losses like my 2 trades on VGGL.
Then we have Superman.
$27,500 profit on BDR; Long Stock by Super Trades.
Entry comments: SWING – DO NOT CHASE as may pull back before earnings ….. they reported Nov 14 last year…..did .06 last Q and hit 1.89 and said rest of year "We believe that as other recent product releases take hold we should be able to sustain the gains enjoyed in the second quarter for the remainder of the year." personal stop loss around $1 area band personal target $1.50 plus if moves into earnings or beats. Exit comments: may very well go higher and will watch chart but taking $25-$30k for being correct #SUPER.
$4,657 profit on PLOW; Long Stock by Super Trades.
Entry comments: TRADE / CHART – sells plows and had big earnings beat and raise for strong winter– polar vortex play..personal stop loss 4ema and personal target 23 plus if it works Exit comments: avg sale price…. SUPER WINNER !!!!! may go higher will watch chart.
$3,692 profit on LITB; Long Stock by Super Trades.
Entry comments: TRADE / SWING news with BIDU personal stop loss low 7’s and personal target 8 plus if works Exit comments: may go higher but wanted to see more momentum quicker with this news…will keep on watch…..have to protect profits in this tape.
$3,490 loss on LITB; Long Stock by Super Trades.
Entry comments: TRADE/SWING – back in on the IBD article AH saying $BIDU taking on $BABA with this….personal stop loss mid 7’s and personal target 9-10 plus if it gets more momentum….originally entered 7.35. http://news.investors.com/111014-725755-baidu-deal-with-lightinthebox-to-take-on-alibaba.htm?ven=yahoocp&src=aurlled&ven=yahoo. Exit comments: stopped out – had chance for profit or b/e ..may still work not for me anymore.
Don’t forget to check out previous roundups here: