Stop loss day: Closed EJ, RADA, NEO, JRJC -- Mitigated disaster.

On a day with strong selling especially in the momentum names, it was not a fun day despite having significantly cutting back on my holdings over the last week. Before today, my longest losing streak was 2.  Today I lost on 4 in a row.

So let's begin the Slaughter:

EJ, stopped out at $10.50.  I thought I was smarter than the market and this one winds up being one of my bigger losses on the year.

JRJC:
It broke out of the flag ---- to the downside.  Stopped at $7.90, exit as planned. 

RADA: I  used a mental stop at 3.30-- took my eye off  the ball and saw then saw it at 3.16, where I sold immediatly.

NEO Stop 5.55.  It gave up the breakout I gave up my shares. 

Increased size: LRAD, EJ

I've previously mentioned my reasons for entering LRAD, which include earnings blow out, conservative management, stock buy backs, and cool products.   This can be a huge gainer if the international growth is sustained.  After the market closed on Friday, we got one more piece of supporting evidence for my Big Gain Hunting thesis --- insider buying.  A director bought last week at $3.03.  If the insiders are comfortable buying here, then so am I.  I increased my position at $3.16 this morning.  The stock price increased significantly after that point on good volume:

EJ: I feel this one is very undervalued so I added 60% to my position. Not much action as of yet.

Week in Review, position summary

This week was very good for the bottom line.

Nok: +.43 on the week. I've owned this before the MSFT buyout and have over 100% gains.  Just when I think its done and I should sell it for a better opportunity it keeps going. This chart would look even better when you consider the .51 special dividend--putting the stock at the equivalent of $8.69.

 CDXS

I have high hopes for this one as a turn around play. The GSK deal set this in motion.  I was very pleased to see a 60,000 share insider buy this week (higher than what I paid). Its nice to see it trend up following the quiet period basically tracking the 10MA.

LRAD: Great earnings = big move I initiated a position as it pulled back 10%.  I looks to have found a base here. An insider buy was announced today.  I plan on adding as well.

HIMX:  I feel like I have a cyrstal ball on this one. I initiated the position on Tuesday and predicted this would get a kick once its 10MA catches the price.  TA DA!

HCLP: It held the 10 Week MA as it has all year.  I'm up slightly in this position but I believe a bounce is imminent as SLCA and EMES have continued their moves.  

EJ:

opened today.  Cup and a handle breakout:

HPJ: Another pick up Today. Closed about even after pulling back from its run. As long as it holds the gap, I'm bullish.

VHI: very pleased with the move out of consolidation. 

Opened EJ

This one has been a favorite of mine. It's currently trading for less than the value of its LEJU holdings 75% of LEJU.  Anyway, LEJU takes off and EJ was in a consolidation range, which if I were artistically inclined I may call a cup and a handle. -- A little looser than I would prefer but nonetheless, I felt it merited a position.

In 11.98 stop @ 11.20.  1.5R.   A bit higher than I normally would risk but I feel that the odds are aligned as LEJU has just exploded:

It's  not very often you get a chance to buy a good technical set up for a company that is trading significantly below the cash value of its assets:

Closed EJ, LNG

I got a couple of nice moves.

Three good days in a row.  Decided not to tempt fate. Sold

Summary:  I got a good move there is probably another day left in this move.  Had I taken twice the position, I would have only sold half. But my position size was a product of the number and size of other positions I had on when the position was taken.

Entry: $9.79
Exit: $10.94  + 1.15  11.7% 1.05R


LNG:
After a false start after buying LNG regrouped and re-broke out and hit an all time high. Less volume today.  So I decided to close the position selling into this strength.

Summary:
Entry was not great  I bought four days after the range breakout.  On a weaker industry group that probably would have crushed me.  LNG has been strong all year (and then some) which gave me another chance to re-enter.  In the future, I'd be better to buy closer to the 20MA

Enter: $72.46
Exit:  $75.92   + 3.46  4.77% 1.2R

New buy: EJ

EJ.  EJ owns 75 of LEJU, which it spun off.  It is trading less than LEJU's value and cash.  The market got skittish on Chinese housing stocks but recently there have been positive developments.  I see a double bottom with a handle now forming.  Earnings have grown over 170% this year.   8X future earnings. 

Entry: $9.79

Stop: $9.00  R.75%