June 22 trades and position summary

FEYE: This was a fantastic run from the breakout point but the channel broke.

Entry $44.85

Exit $51.77

Big picture: Still likely "in play" wait for 2 weeks of rest--  would not be surprised for a '10 test.

CORT:

Entry 7.19

Exit 1/3 7.37  I came in a little heavy on the range expansion move so I cut the position into the run.

RXDX: This one was not fun. 

Entry: 17.19

Entry 2: 16.69

Exit: 16.16

Exit 2: 15.98

Later in the day, this move became clear that it was a back test to the '4 week. when that held, I re-bought

Entry: 16.33

SEDG: Since I sold the pop last Friday, I have room to take a shot if the 4 holds.
Entry: 39.29

VTAE: Nice move last week to breakout on the weekly. Look to hold the line on the close.
Entry: 16.73

Current positions:
SSNI: star of the day

ZIOP, fought off a downgrade and $10pt to close at the high.

EHIC: Just keeps narrowing the range-- should be good to store up some power-- needs a close above the zone.

BZUN: still range bound

DWRE:  held the breakout, positive action here.

EBIX: Did I nail the dip buy off the '10 - yet to be determined has held thus far.

HZNP:
After chopping the weak breakout players to bits over the last 2 days.  should be ready to go.

June 12 Trades.

Another good day for momo stocks.  Although the averages suffered:

FOLD backtest and ripped:
I put in a limit order of 14.20 which was hit and the trade closed.
Entry: 12.55 (6/3)
Exit: 14.20  +13%

In addition to buying the breakout, the back test can be even more profitable and even more rapid.   Although I did not do it here, it should re-enforce my observation of the prudence of selling a burst and buying its' back test.

INUV:
The move faded to the backtest and held.  My aversion to loss stopped me out at breakeven.  Fortunately, I came to my senses and realized  that a stock that back tests and holds is very powerful and you want to be in it.   I re-bought 2.97

Summary: 
Entry: 2.83
Exit: 2.85
Entry: 2.97

MBLY:
A great thrust,  decent gains.  Decided to book the profits and wait for the back test to re-enter.
Entry: $49.47
Exit: $51.58

NLS:  
Hit the weekly breakout and couldn't push ahead.  A yellow flag and given there are so many other better plays, I decided to just close it that to wait it out. Basically a break even trade.
Entry: $21.81
Exit:  $21.93

Opened:
SEED: Fishhook breakout, I saw this was a prospect for the breakout in my Thursday scan.
Entry: 2.64

EBIX:
The front side of this breakout was one of my better trades this quarter. 31.92- $37.10   Now it has retraced to the 10 Week avg and bounced.  This is a lower Risk type of entry in a stock that is a proven winner.
Entry: 33.63

LAKE:
I took a small speculative position in this on Friday.  The RSI on a monthly has broken out and would be highest ever--well other than that  incredible surge last summer where LAKE ran to $30 in a week.

Entry: 12.30

The monthly shows that something is developing here.

ADD:
BZUN
Highest weekly close warrants adding to the position.
$12.07

Range expansion on the daily.  I like that it was able to fight off the previous pull back after the range expansion off the bottom.  This one could be a Boomer! 3.6Million shares.  That's rocket fuel. 

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