Why do you like OPTC, that one looks dangerous to me. Revenue growth there just doesn't cut it in my book. You have a pattern of three lower lows and three lower highs, the next lower low could be ugly because it would take out 9. I still follow it for old times sake, as the earnings are pretty good and worth watching, it's the revenue that's the prob. I once asked jim oberweis sr why they sold it, he likewise said they didn't like the revenue growth.
LAVA was disgusting today on some news about a change of auditors, not sure how important that is, but the chart is broken and I was stopped out IFLO CBK (believe it or not i bottom fished that at 15.45, flipped it once for about 12 pts and had to remount but have gotten almost the entire move) ASF SOHU (sold today for a nice gain) MTLM APTI SNDK UTSI TIVO and KVHI made up for it, as did shorts in BRCM MXIM SMH XLNX DHR LEH IDPH FDRY HDI CTAS.
Sold half of my JCOM today for 10+. Bought some SHOO ESPR and KRON. ESPR owes me, I was short it the other day on the gap up on phase 2 news, but fortunately was able to cover premarket so it wasnt too terrible. Thats the problem with holding so many stocks, you never know when some news will hit. However, it's pretty hard for any one event to hurt me too bad as i am very diversified in the holdings, long and short, at one point a few wks ago I had 180 positions, none of them very large. |
