Weekly Roundup June 2-6

Jun 9, 2014   //   by Profitly   //   Profitly, Profitly Weekly  //  Comments Off on Weekly Roundup June 2-6

Time for another weekly roundup! Our gurus and their students continued to make bank heading into the summer trading sessions!

Let’s start off with Superman who had some super trades, as usual!

We’ll begin with a $12,500 profit on VTL. He bought 5,000 shares on the 5th at $14.95 and sold the next day at $17.45. Entry comments: DO NOT CHASE THIN – From Super Pro IPO Tracker video …. product in trials to cause liver to heal itself or stabilize while waiting of transport…..analysts have targets 20-28 personal stop loss 14 area and personal target 15-20 if it works SWING starter position. Exit comments: SUPER TRADE.

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Second we have another big profit, $11,250 profit on RIBT. He bought 15,000 shares on May 16 at $5.90 and sold at $6.65 on the 4th. Entry comments: SWING – starter position may add on a dip……personal stop loss 5 area and personal target 6-8 if it works..wanted to get through report and guidance very strong and gluten free nonGMO play want some exposure. Exit comments: SUPER TRADE – will let the dust settle as i did not anticipate today’s news and will look for re-entry.

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Next up is a $3,050 profit on QRHC. He bought 5,000 shares on the 2nd at $4.98 and sold the next day at $5.59. Entry comments: Chart – 4ema personal stop and personal target 4.5 plus…. small position need to find more info here. Exit comments: SUPER -TRADE – may very well go higher but RSI 90’s and spike above 4ema…will keep on watch.

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Then we have a $2,190 profit on VIPS. Superman bought 1,000 shares on the 30th of last month at $162.07 and sold at $164.26. Entry comments: third time buying this on dip…made 10k so far..personal stop 160 area…personal target 164 plus if it works TRADE/SWING. Exit comments: third profitable trade on this will watch for re-entry 160-16q on market dips.

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Then we have InvestorsLive. Not so much trading but some profits were made none the less.

First is a $343 profit on GTAT. He shorted 1,000 shares on the 2nd at $16.75 and bought them back the same day at $16.40.

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Then there was a $742 profit on GIGA. he shorted 4,000 shares on the 2nd at $3.37 and bought them back later in the day at $3.18.

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We do have one notable loss to talk about. He lost $4,493 on MNKD. He shorted 25,000 shares at $9.13 on the 3rd and about them back later in the day at $9.30.

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Next was a $2,214 profit on LIVE. Tim shorted 30,000 shares on the 2nd at $4.47 and bought them back the same day at $4.38. Entry comments: Shorting near the open for probable morning crash, once 4.50 goes it’s a goner, goal is to cover in low 4s or even high 3s, gotta be fast, beware of morning spikes though. Exit comments: Blehhh got a little panic to the 4.20s, then shorts covering, not worth my staying in given this stock’s ability to spike in the morning, potential re-short, but playing it safe here.

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Then we have a $2,380 profit on LIVE. Tim shorted this stock twice, this time was a 17,000 position at $4.27 and buying it back at $4.13. Entry comments: Re-short as its down-trending, terrible I covered earlier, probly gonna crack through 4 today. Exit comments: No big breakdown, annoying stock, but solid downside from 4.50 hopefully we get a bounce that’s shortable again.

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Lastly we have Tim who didn’t do a lot of trading but had plenty of big winners!

First is an $1,832 profit on SUMR. Tim bought 10,000 shares of this stock at $2.87 on the 4th and sold later that day at $3.05. Entry comments: Bought this earnings winner on the dip as I said in watch list, goal is to sell in the mid 3s in the next few days, remember how fast it can spike. Exit comments: Got a nice secondary spike, best case scenario for my short-term, still holding long term, +$2k makes me feel nice, congrats guys, nothing huge, but still useful.

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Next was a $2,933 profit on GBLX. Tim shorted 30,000 shares on the 4th at $2.28 and bought them back the next day at $2.16. Entry comments: Re-shorting this blatant pump as it collapses, shorting on decent, goal is to cover into panic tomorrow under 2, ideally the mid to high 1s, CLASSIC http://tim.ly/sykestrades setup here, my high net worth broker has shares to short. Exit comments: Didn’t get the big crack below 2 I wanted, maybe later today, but I’m not risking it since it has bounced big in the past.

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Then we have a $3,053 loss on LIVE. Tim shorted 20,000 shares at $4.13 and bought them back at $4.24. Entry comments: Shorting on lack of gap up, no SSR, if it crack 4 I wanna cover in the mid to high 3s. Exit comments: Lost $3k gotta cut losses, didn’t get the crack of 4.10 that I needed, playing it safe as this stock can spike as we all know, be careful shorts, video lesson coming.

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Don’t forget to check up the previous roundups here:

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

May 19-May 23

May 27-May 30