I had one of my most profitable days of the year today. EBIX, GIMO were rock stars!.
S&P new highs. Bull trap? or a real breakout?
Transports still weak:
The key will be whether the Russell can take out the highs:
In any event, the market indexes are not flashing caution here. So I've stepped on the gas and its paid off big.
I added some new positions. I Picked up some AMCN off the successful back test.
On the weekly there's a clear break of the flag. Many attempts to break this down and the bears couldn't do it. AMCN had mediocre earnings over the close. Not much action. I have to think it's a non-event except there are a lot of bears going to expect the fade. If it doesn't occur, this could go quite a bit higher.
BONA: I bought BONA 10.59 as it successfully backtested and then went on to take a weekly high. BONA did not disappoint and I added in the 10.80s closed at day high
PANL: This is not my usual trade this one is really thin ... Kate Moss Thin. But look at the volume surge on Friday.
I read through the CC and earnings reports and see a lot to like with this one. It could double without anyone noticing it:
$0.22 per common share, compared with $6.6 million, or $0.19 per share on a pro forma basis1, in the first quarter of 2014, representing 15% growth during a a traditionally slow period.
SALE: I love these IPO stocks SALE has fought back and landed a weekly B/o.
I'm In 21.34
PTBI: I took PTBI into the close again.
Entry $9.24 Nice wedge on half hour.
EBIX: Nailed it
Took a 1/3 off the table. 36.46.