Review of current holdings:
BVEW long
long term play 6-9 months
CWON - short
longer term short, might be a zero.
will add 8.50-9.00
no stop
DLIA short
another total pos
looking for a retrace of 1/2 the recent gains back down to $4
will add at 6.25
no stops here
medium term position
Earnings were basically as expected yesterday, slightly beat, guidance was the same song and dance as before (profitability 2nd hald of the year)
For the full year the company expects earnings per share of 20 cents to 23 cents on sales of $210 million to $220 million.
Thats still pe of 23 for a bs retailer
I will believe that profit when I see it
They filed to sell 5 million shares yesterday
EPAY short
down again today, looks really tired
will add near 7
target 5, hopefully cover tomorrow
GLGC - short
lots of hype, little substance here
resistance levels are 26, 26.75, 27.75
stop loss at 28
looking to cover 1/2 at low 24s, and ride rest down to 22-23
GADZ long
5 up days in a row
forward pe under 8
holding medium term.
target 17s
HBIO - long
nice value oriented long play coming off large lockup monday.
pressure should lift.
nice support at high 7s
target 10s - 1-2 weeks
nice holding to balance some shorts
my reasons for being long:
Message 15901742
IDN short
what a pos this is!!!!!!!!!!!
target mid 6s
will add at 10
longer term if needed here
no stops
who is buying this pos????????????????????/
HEPH short
target 5-6
would love to add near 9
ton of room to fall, very tired
HLIT short
This has been a stubborn stock in the past.
They are above the 200 day moving average of 11.42
Nice breakout, but showed very tired signs late in the day
I am not sure about using a stop here, will probably just take some pain for now.
fundamentals are amazingly bad.
target 9.50
INTU long
Target is 40 on these shares.
Nice strength all day today.
nice holding to balance a bunch of shorts
MFNX short
Its either me or them, one of us will run out of cash:-)
see you all at ZERO
the dump will continue tomorrow.
would love to add at 6.50
PCLN short
former internut with lots of new competition
longer term play
will add 9.00-9.50
not sure if I will use a stop here at all
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
dump will continue again tomorrow.
still long way to go to $4
SCMR short
we all already know what an atm machine this is.
Target 9s
no stop
will add close to 13
longer term if needed
SKIL short
terrible looking fundamentals
being run up to price the secondary as high as possible.
I might be a tad early here.
longer term play
will add 41-42
no stop
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 keep adding 1/3 position every 1/2 point
major resistance at 6.00
no stops here of any kind
TIVO boxed and neutral
what a pump and dump this was, a classic.
should be out of cash before yearend
gigantic loses
will unbox on any further spike
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 tomorrow
I love being on the dark side of the market.
Please notice I am very balanced between longs and shorts right now. (7 to 5 to the shorts)
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.
Not many major warnings so far, summer rally might be coming, be extra careful on shorting.
Almost any warning is meet by immediate buying (seems ridiculous)
Watch for July 17 as big reversal day.
Summer rally ran out of steam around this date 3 straight years.
Buy the Champs and Short the Chumps
traderpulse.com
Michail |
