Weekly Roundup November 24-28

Dec 5, 2014   //   by Profitly   //   Profitly, Profitly Weekly  //  Comments Off on Weekly Roundup November 24-28

Our gurus have all been busy working on special projects and it was also a shortened trading week due to the Thanksgiving holiday in the United States, but we do still have some trades to recap!

$1,920 profit on MAGS; Long Stock by Timothy Sykes.

Entry comments: Rebought this earnings winner on its bounce near day highs, still think this bounces 20-40 cents/share, not much risk buying now that its dropped for several days and is holding multi-year breakout at 5.10ish. Exit comments: Got a nice breakout above the mid-day high of 5.38 but then wall of sellers at 5.40ish, no thanks, I’ll re-buy on big dips, these earnings winners as of late are chopppppy, gotta play safe.

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$665 profit on CANF; Short Stock by Timothy Sykes.

Entry comments: Re-shorted this pump as its failing so gradually, annoying to short into the SSR (short-sale restriction), but I think this has a good shot at a morning panic tomorrow, goal is to cover in the mid to high 3s. Exit comments: Got a slight gap down, but not the panic I wanted, that opens the door to it spiking since its down so much off its highs and lots of shorts still here.

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$787 loss on VSR; Long Stock by Timothy Sykes.

Entry comments: With APT/LAKE spiking 26-40% today VSR is the 3rd hottest play in that sector so I’m buying the runt of the litter, goal is to make 20-40 cents/share, right at day highs. Exit comments: It did hit 3.36 premarket today, but I wasn’t awake and now there’s no gap up/morning spike since sector leaders LAKE/APT are down 7+% so I’m cutting losses quickly, rule #1 from http://tim.ly/thebestrules The good news is I barely lost a few cents/share here, buying the runt of the litter in a hot sector protects you from larger losses.

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Don’t forget to check out previous roundups here:

September 2-September 5

September 8-September 12

September 15-September 19

September 22-September 26

September 29-October 3

October 6-October 10

October 13-October 17

October 20-October 24

October 27-October 31

November 3-Novermber 7

November 10-November 14

November 17-November 21