June 8, 2015

Down day on the market but not heavy selling.  Used the weakness to build up my EHIC position as it got the washout below 17 fell to 16.30 and closed above 17. 

Entry 1: 11.79

Entry2: 11.33

EHIC:  I like what I see with this stock So I'm building into my current position.  My original entry was at 16.00   I'm happy to pay up.

17.81
17.45
17.04
16.67

RELY:
I did not have much conviction in this position. When it was unable to hold the initial thrust, I felt it best to cut it.

Entry 11.7
Exit:  11.98

1/2% equity gain

WOWO: Took a loss on this when it reversed after a merger announcement.  Too thin. This comes out to be about a 1% loss of equity.
Entry: 12.00
Exit: 10.36

June 4

EHIC-- weekly breakout on an IPO, love these

Entry $16.00  

Great first day rip.

WOWO:
the company provides local service providers with a platform where they can open online stores and sell their services or products directly to the end-consumer. In that the company has assisted many local service businesses in launching stores online, WOWO is frequently compared to Tmall by industry insiders. 

Entry: $12.00 this got a rip but then got stuck.  Held well at that point considering overall marketed.  I actually expected this one to take off more than EHIC but oh well.  

This was all a first hour rip. Curious.

ANTH: Entry 6.09
Update.
after close: ANTH announced
today announced that additional data from its Phase 2b PEARL-SC study will be presented in a poster at the European League Against Rheumatism (EULAR) Annual European Congress of Rheumatology in Rome, Italy. -


It then ran to about $6.50 which I used to take a partial exit.

Closed:
PFNX,  (avg. 18.85
Exit 18.92

This was a terrible trade for me as I let a good winner turn into a break even trade.  I need to remember, sell the rip and wait for the re-entry to materialize.

ONTY:
This couldn't hold my line so  I got stopped out for a loss.
Entry 4.09
Exit. 3.83

ZAGG: This breakout failure surprised me.  This is a setup that typically works. This time it didn't
Entry 10.08
Exit: 9.66

EMES: stopped out on my short:
Entry: $39.35
$40.45 (shitty fill)

Current positions
FEYE: Didn't love the gap fade today, but perspective:  My monthly breakout buy at 44.85 has progressed nicely.

TROV: This had looked like another explosive move was going to begin but it got faded. I do like that it bounced into the close perhaps a successful back test

Weekly nice ascending consolidation.  slightly positive on the position as of today's pull back.

RELY: Bought yesterday had a run but got stopped at 12. Still looked prime.

CMCM: Held range pretty well after a failed morning run.  I like the look of this.

June 3,

It felt like a pretty pedestrian trading day despite markets being up.

NEW Positions

Bought:  FOLD,  $12.55 premarket.

Gapped up on news, I knew where this was trading and realized that the gap would be a weekly breakout so I jumped---  Not a smart decision  because the gap got slammed.  That said, I'm encouraged because  FOLD rallied back up to day highs towards the close.

Daily:

RELY:  Recent IPOs--- I love these.
Entry: $11.71

Daily

Weekly: Obviously, has Big Gain potential.

CMCM: Looks primed and breakout point is right at target.
Entry: 33.74

CLOSED:

BOOT: This breakout failed
Entry 1 26.68
Entry 2: 26.15
added into the stop but retained stop levels.  If they had held I would be sitting pretty. they didn't

Exit 26.

LIFE:
Nice move following the breakout.
Entry: 24.90
Sold at 27.00

MYCC: -- too pedestrian without the bang this is susceptible to a big red bar.

Entry: 22.76
Exit: 23.03