Weekly Roundup May 19-23

May 27, 2014   //   by Profitly   //   Profitly, Profitly Weekly  //  Comments Off on Weekly Roundup May 19-23

Time for another weekly roundup! Even though the general markets were slow leading up to Memorial Day Weekend, our gurus and their students still make bank!

We’ll start with Tim again. First up we have a $2,427 profit on MEDL. Sykes bought 142,500 shares at $0.20 on the 19th and sold them the same day at $0.22. Entry comments: Rebought MEDL on new rumors of new Facebook video app called Slingshot http://tim.ly/1mNbHWv remember MEDL’s CEO letter a few weeks ago said they’re working with FB on a new technology, this is EXACTLY what MEDL does with Hangwith.com. More traders will put this together & MEDL could finally be set up to run, I still have my longterm position but this is SPECULATIVE as no news will likely be announced for days if not weeks. But lowly microcaps can run 30-50-100% on rumors so I like my odd…Exit comments: Sold remaining shares, disappointing but rumor plays are tough and MEDL ALWAYS fails to hold its spikes…still holding small longterm position though as any day their actual Facebook news might spike this big time…potential re-buy also if it dips enough today or this week.

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Next we have a massive $22,072 profit on QUIK. Tim bought 54,500 shares of this stock at $3.82 on the 16th and sold them at $4.22 on the 19th, holding over the weekend.  Entry comments: Speculatively buying this multi-day breakout above 3.65, gapped up strongly today & now big buyers near day highs, reading this post http://tim.ly/1iTa4Re makes me think we might see Samsung announcement next week, I also bought some longterm as I read conference call notes, earnings miss was due to inventory issues, nothing major going forward, goal is to sell short-term at resistance of $4ish, hopefully it spikes into the market close, 30-50 cents upside, 10-15 downside, SPECULATIVE. Exit comments: Didn’t get the Samsung news I wanted for a bigger spike, but the weekend Seeking Alpha article pumped the stock price up a solid 15%, could run more, but tons of sellers already premarket 4.30-4.60…really wanted to sell 4.50 or more, but other sellers prevented that so I will take what the market will give me…potential re-buy but not gonna be aggressive here with this ugly longer term chart…might really run like EKSO/YOD all day or more likely fade like WATT did.

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Then we have a $3,707 profit on TMMI. He bought 150,000 shares of this stock on the 21st at $0.19 and sold them the same day at $0.22. Entry comments: Bought this unknown video compression play on partnership news with $30 billion Raytheon today http://tim.ly/1koDifF thanks to whoever just posted it in chat, be CAREFUL, don’t chase, remember MEDL, might move fast given news and since it’s unknown but looks to be large block sellers everywhere too sit might take a few days, I only have puny position size, goal is to make 20-40%. Exit comments: Double top at .23ish and now volume fading, disappointing, but you gotta adapt to hat price action is saying, might keep running or it might pull an MEDL and do nothing…I’ll try to stay away from these 20 centers int he future, just not worth my time to make a few cents/share & I know it’s frustrating for you guys…still gonna watch it though, potential re-buy if volume picks up again and it uptrends like it did late morning today.

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He had another big profit of $5,005 on IDN. He bought 27,000 shares on the 19th at $0.76 and sold on the 23rd at $0.95. Entry comments: Was trying to get better price, but now I’m chasing with a small position as it’s breaking out late day…totally new business offering police the ability to scan licenses via their iPhone for $50/month, big savings for police offices everywhere, 1+ million possible officers so $50 million/month opportunity, even if they capture 10% this could massive, gonna try to hold this, add to this puny position on dips. Exit comments: WOW nice premarket spike on their patent news today…the patent isn’t a big deal but its been up-trending nicely so as I always say, uptrends lead to big spikes so I’m selling into this spike…not sure if its just premarket or what but I’m taking it…congrats guys HUGE longer term win.

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Then we have 2 losses. First is a $3,860 loss on  IMI. Tim bought 35,000 shares on the 19th at $3.08 and sold on the 20th at $2.98. Entry comments: Buying for morning gap up/spike as this new Toshiba/Sandisk deal is the good news stemming from the 2/27 catastrophe when they said that relationship was over…the stock was at $3.80ish before that day, I’d expect another spike toward that level now that its holding support at $3. Exit comments: Disappointing no gap up, no morning spike, maybe rebounds later, but can’t take that chance as I thought it’d be stronger, very similar to RCON letdown, good lesson for me to take mental notes on, gotta cut losses quickly when wrong.

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Lastly there was a $14,764 loss on LIVE. Tim shorted 70,000 shares on the 23rd at $4.52 and bought them back the same day at $4.72. Entry comments: Too many waves of short squeezes today on the back of blatant promotion, I’d love a halt, more likely though I’ll look to make 30-50 cents/share. Exit comments: Didn’t get drop I wanted, risked wayyyyyyy too much, will do video explaining my screw up.

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 Next up we’ll talk about Superman, who had another SUPER week.

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First up is a $131,328 profit on IGC. He bought 42,400 shares of this stock on March 3rd at $0.91 and sold them on the 21st of this month at $1.83. Entry comments: TRADE do not chase !! RISKY – in pr yesterday they said they are looking at buying solar or medical marijuana…..personal stop loss .8…personal target…1.2-2 plus if it gets traction. Exit comments: SUPER TRADE – i may be totally wrong and this may keep going but with this kind of spike above the 4ema without news yet I have to take profit..should leave some on but trying to be disciplined – will rebut pullback to 4ema if it happens.

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Then we have a $8,829 profit on REDF. He bought 22,000 shares of this stock at $2.40 on the 20th and sold at $2.80 on the 22nd. Entry comments: SWING – Article about possible India boom and at low end of chart ……personal stop loss 2 area and personal target 2.5-2.75 plus area ..will sell if it goes against me – http://www.bloomberg.com/news/2014-05-19/india-etfs-show-signs-of-an-80-s-era-reagan-boom.html. Exit comments: SUPER TRADE – will revisit on dips if it does.

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Then we have a $18,666 profit on TGEN. This was a ONE DAY trade too! He bought 4,100 shares at $10.41 on the 21st and sold at $14.97. Entry comments: DO NOT CHASE 700k IPO today http://www.tecogen.com personal stop 8.5 and personal target 10-15 if it works .. kind of like WATT is but dangerous and I chased. Exit comments: SUPER TRADE.

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He made another trade on the 19th and 20th for a $4,855 profit on VIPS. He bought 1,000 shares at $161.58 and sold them at $166.46. Entry comments: Just a starter position……. SWING personal downside stop loss 155-157 and upside personal target 165.170 plus if it works on watch list notes…….Exit comments: SUPER TRADE 5 points or $5k on this trade stress free – will look for re-entry on dip as this is great trading stock!

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Lastly, we have a loss to point out. He lost $3,400 on SYPR. He bought 10,000 shares at $4.27 on the 20th and sold them at $4.27 on the 22nd. Entry comments: CHART – may 12 pr cyber security simulator they said state- governments are using…..personal stop loss 4ema or high 3’s and personal target 4.75-5 plus if it works. Exit comments: stopped out small loss.

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Here are previous roundup posts to help you learn how to trade!

March 30-April 4

April 7-April 11

April 14-April 18

April 21-April 25

April 28-May 2

May 5-May 9

May 12-May 16