Review of current holdings:
BSML short
very poor fundamentals
target 6s
no stop
will add 9.50
longer term position
BVEW long
long term play 6-9 months
starting to get really tired of watching this one trade.
CWON - short
longer term short, might be a zero.
will add 8.50-9.00
no stop
DLIA short
another pos
added to my position at 6.98 today
Target is $4.00
will add at 9.00
no stops here
medium term position
tons of strength lately
GADZ long
forward pe under 8
holding medium term.
target 17s
HBIO - long
nice value oriented long play coming off large lockup last week.
nice support at high 7s
target 10s - 1-2 weeks
nice holding to balance some shorts
IDN short
what a pos this is!!!!!!!!!!!
target mid 6s
Next add at 13.00
longer term if needed here
no stops
Finally a red close today, hard to break AMEX stocks sometimes.
MFNX short
Its either me or them, one of us will run out of cash:-)
see you all at ZERO
the dump continued today, what a pos
would love to add at 6.50
MRVC - long
value play based on LMNE spinoff this summer
very short term target 11 or might just short LMNE on any pump to hedge the position and exploit the possible arbitrage.
stop loss will play by ear.
NMTC short
fundamentals shaky
target 20s, could easily warn in 2-3 weeks
will add at 25
stop at 25.75 which is resistance more or less
short term trade
RSTO short
gigantic run from 1.50 to 7.00 over 5 weeks.
time for a major retrace
target 4.00
no stop
will add near 8.00
being a bid stubborn here
SONE short
what a pos this is.
2 month ago I covered this at 5 from the 9s
First time back since then
no stop for now
add 15.50 to 16.00
target 12.00 short term, but I might make it a long term position.
just not sure yet, play it by ear.
Been in a beautiful uptrend for quite some time.
STEM - short
what a pos, total hype
this is a major former ATM for me
I would love to see 7s to really build a sizable position.
will add at 6
major resistance at 6.00
no stops here of any kind
target mid 3s
TIVO boxed and neutral
what a pump and dump this was, a classic.
should be out of cash before yearend
gigantic loses
VIXL short
major pos, but probably not a zero
started with 1/4 position and hope it goes higher so I can add
will add at 6 and 7
no stops here
longer term position
will try to cover around $4
WGAT - short
ugly fundamentals
the dump started today.
add 7.25-7.50
target 4s
no stops
I am back to being net short again, feel much better. lol. but only slightly 11 to 10.
15th straight profitable trading day today for me. Nice streak.
Make sure you allocate well on your shorts.
If you are adding to existing short positions, please use larger % intervals for now (25% or so)
Show lots of patience on potential new positions, maybe even start smaller than usual until a clear down direction is seen.
Try to use the 3 day rule of pumping before starting a new position, unless something very special.
Nasdaq has had lots of trouble between 2250-2300 level, nice resistance here.
A breakout of these level could take the NAZ to the 2500-2600 level.
Watch for July 17 as big reversal day.
Summer rally ran out of steam around this date 3 straight years.
Market looked dead all afternoon, a few more major warnings and NAZ 2000 could fall once again
Buy the Champs and Short the Chumps
traderpulse.com;
Michail |
