Monday, January 5, 2015

Opened CDXS, CARA, CLNT

Beautiful breakout from this base. Absent a 5 minute surge where people mistakenly thought CDXS was an Ebola play this is the highest this has traded.  It it is now doing so on its own merit.

Entry: 2.93
CARA:
Bought the quiet I like what I see here.

Entry: 10.77

CLNT:
Not crazy about the fade but given today's broader market tape, I'll look past it.  I love the volume surge here on news that within the last month CLNT has obtained over $20 Million in deals... not bad for a stock with a $13 mill market cap.

2 comments:

  1. Do you use market breadth for timing bull or bear trades?
    Does it increase your probability of a successful trade?

    ReplyDelete
  2. Market breadth definitely factors into my trading. When tape shows buying intensity is slowing, I'll look to put some short ales on. If the breadth is bearish I still may take bullish trades but I reduce size or I will look for mean reversion entries instead of breakouts.

    ReplyDelete