Yesterday was a frustrating day as my dip buys in EHIC were under water and I had two stocks -- FRSH, FOLD announce secondaries. And I was down slightly despite huge pops in the average. It's no fun seeing everyone else's train take off and your stuck at the station. What a difference a day makes.
Today turned out to be a monster day despite some pre-market storm clouds.
I kept my head in FRSH and FOLD and did not panic as they opened lower. Both rallied from the opening. (I did sell out a bit of FOLD @12.72.)
FRSH opened down 17.70 but then rallied. Pocked pivot on the weekly, I prefer the clean break but the RSI is high enough and it's close enough to cheat on the break point.
Speaking of bounce backs. This one could be a monster.
On the downside, I got stopped out of HDP as it just could not get going. Still no >27 close.
Just couldn't get going over past few days. I have no interest in waiting... and the news today was just embarrassingly lame for this stock.. They got a tax credit in France. That was worth selling this company in itself.
INUV: This is why I buy timid breakouts. Many times they might trigger my alert on low volume. But they can still get going in a fierce way later in the day. INUV ripped from this point hitting a high of 3.22. With the high close taken out, there should be more to come.
MBLY: Another one firing on all cylinders. I do love the second run on IPOs.
Entry: 49.46. I should have been in this $1.00 earlier but With a weekly breakout you don't have to be as precise to make $. This one has shown what it could do right out of the gate as an IPO. Now for a re-rerun.
I added to my July 65 calls position as there was another bounce off the breakout point. But still no upward thrust. Tomorrow?
Finally, I'd be remiss if I didn't post TROV ---fantastic second breakout.