1/19/ Preparing for a bear

Stopped REXX
This one should still be in play.  Wait for it to reset and slingshot.

EMES -- good move and moved stop up to ITM which was hit... this is not a strong market.
Weak after the move

DPLO:
Short

WATT:
This may require a shake in the broad market for this to work but I don't see the bullish theory working at this point.  The base is simply not long enough and a high volume reversal following a breakout should be seen as a warning flag.   This stock has a history of making severe pull backs once they start.

Short Feb 15. calls.
Stop 19.50 on stock

OCLR
Lots of resistance at this point despite the high volume earnings move.  This is a pattern that will be hard to cut through so I'll use the resistance as a stop and look for a fade.

Short. 9.34  stop 9.70

Sept 2 Trade journal

BroadMarkets:   The wildness continues after yesterdays thrashing a bounce

I love those sell off days-- if I don't have too big of positions as they tell you where the strength is

Take ITEK  it closed down a whopping .09 on Tuesday.  

Entry 12.58   --- now look at the 14% burst.  love it. 

Similarly, I bought BLDR today at 15:

look at the weekly: new high

EMES:
This was a horrible trade as I chased a countertrend move and got stuffed.  .. total amateur trade    I know better than buying Day 3.

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.

May 28. Overcoming the China punch.

The big news today was that China got smacked in the face.

Nothing like waking up With an ETF down over 15%.  That said, I was prepared to take it to the MA, which essentially held (ok failed by .02) YINN rallied into the close.

There was a weakness in WUBA so I decided to close my calls and take the loss:

Other than that, I had a good day. Lead by FEYE which broke big.

Bought UEC:
2.90 nice close with strength.

ANTH: 5.28

PFNX:
Entry 18.30

AGEN:
I took a partial close in the AM at 7.80.  I closed the remainder when it ran above 8.00 and then failed.  A morning pull back is common and healthy in a breakout.  A failed push after it regains its footing is not a good sign imo.

AAOI: 
Entry 16.53
Entry 2: 16.81
Exit 1: 19:
Entry 3: 18.18
Exit 2: $17.48

I missed played this one a bit.  My add yesterday should have been very profitable yet I let the position fade where I got stopped for a profit.   Had I used the pop to sell out again, I could have added where I was selling.    I still think this is in play to the upside.

ERI: closed  not a position I really was into.  I gave it a chance, the breakout was mediocre and since I had considered just closing it for a loss a couple of days ago, I'm content making a couple 100 on it.
Entry 8.24
Exit: 8.44

BOJA:
26.38
Closed 27.43

TANH: Broke to new weekly highs.  I took a partial sale at 15.34.  As this is thin and my position was bigger than I had wanted.

EMES: Short 39.30

Closed PME, EMES (PUTS) NFLX, WATT

I had to do some pruning.

First and worst, PME.  This turned out to be a pop and drop.
Again, I remind myself that first day "EPs" usually aren't and is best to let them settle in.

Entry 4.16
Exit. 3.30

EMES:
This one worked much better. Still I closed because the range is contracting and I'm on front month OTM puts.

Entry:  1.80
Exit 1: 2.60 (44%)
Exit 2. 2.35 (30.5%)

NFLX:
NFLX looked so good early.  I moved my stop up and then NFLX faded taking me out.  I took gains out of the trade but it feel like a participation medal given the 20 pt move I could have caught.

Entry: 451.37
Exit 1: 455.1
Exit 2: 454.31
Exit 3: 455.07

WATT:
My test position broke to the down side. So I banged it out.
Entry:10.28
Exit 9.67

Trade Journal, Position summary Many moves, many profits.

Today was one of those days where most things work.


My BOXand ARRY buys gap, Sold off half BOX, the remainder runs.  manage risk sell off some ARRY I can live with that. RESN runs I sell into that run.  AAPL proves why it the worlds most valuable company.  My calls are up big.  My EMES puts gain as EMES falters.  I bought some NFLX it runs,  Bought some GNVC and HPJ off bounces  If they firm up I'll be sitting very pretty and then  TWTR looks like NFLX q1 2014 as it rallies off the gap test and finally I add PME in A.H. off news that it has eliminated its V.I.E. structure and received an investment which would value the company at 800 million or a stock price of 9.50

 I haven't taken stock and given the full run down my holdings without further adieu charts:

BOX:
IF only every stock I bought did this in yesterday at 19.30 close today 20.99.  Still I think this has a chance to take back its IPO high close of over 23, we will see.

ARRY:
Wedge breakout.  I did a partial sale at 7.98 because it gapped in the morning and faded.  It then regained some strength.  This will be off to the races if it can get some space over 8.

EMES
Continuation to the downside following the rejection by the 10week avg.  If another continuation day look for low 50s

HPJ 

I liked the bounce and reversal off the gap.  My working theory is that this will now come around to make another run at 6.00

Entry 5.40

NFLX has that power move potential.  I bought today at 451.37 and caught a decent piece of this 10.00 move. I sold off half the position at 455.10 to manage risk.  If this can get some continuation.  I  would think $475 is in play over the next couple of weeks.

AAPL gets the break above 120 and my 115calls are now deep in the money.
No changes to position, none anticipated as this run is just starting looking for 128.

TWTR:
A power move gap, which has thus far stuck.  I bought this move as TWTR rallied off the gap.  The low of the day presents a great stop making this a well defined trade.  If it gets over 48 I will consider adding as it will break range and show trend.

PSXP
Nice consolidation, which is needed to push over 80.  I've cut down my position.  I will re-initiate my position on a a pull back to 75 or a break above 80.

GNVC: 
This is a high momentum stock that they attempted to breakdown.  Right on the trend line it rallied hard.  That tells me this is still "in play" I'll take a piece here at 4.00.

MPG:
Weekly.  Still holding a small position.  This has had some momentum and could be a decent winner if it gets going.  Right now this range is getting very tight

WATT:
This company has a really cool product which lets you charge wireless devices without plugging them in.  It won a number of CES awards.

 In many ways its similar to RESN.  I've bought  the consolidation here small, which I'll cut if it breaks to the down side and add if it breaks to the upside.

The Grand Finale 

PME

I'm treating PME as An episodic Pivot  Here's the news:

 PME is "a global fishing company based in the People's Republic of China (PRC), today announced that the Company's wholly-owned subsidiary, Fujian Provincial Pingtan County Ocean Fishing Group Co., Ltd ("Pingtan Fishing") has entered into an Investment Agreement ("Agreement") with China Agriculture Industry Development Fund Co., Ltd, ("China Agriculture") pursuant to which China Agriculture will invest RMB400 million (approximately US$64.0 million at current exchange rates) into Pingtan Fishing for an 8% equity interest in Pingtan Fishing's operating company. The investment values Pingtan Fishing at approximately 5 billion RMB, or US $800 million at current exchange rates. The closing and funding of this strategic investment is expected to occur no later than February 13, 2015."

END of VIE structure!

When I previously looked at this stock I found the VIE structure too complicated and too sketchy to invest.  Today's news removed my objection:

"Pingtang terminated its existing variable interest entity agreements, or VIEs, as permitted by the laws of the People's Republic of China. This provides the shareholders of Pingtan Marine Enterprises with direct ownership of its subsidiaries rather than contractual ownership through the VIE structure. "

• PE Ratio of 2!

This stock initially came up in a scan due to its ultra low PE ratio.  I passed however, due to the VIE structure.  Now that that appears to be resolved this stock is ultra cheap and now offers direct ownership. 

Summary 

I believe that this is a game changer and bought at 4.10 and 4.20  in A.H.  Even with the appropriate China discounts PME should trade north of $7. But again, It is Chinese and I'm not going to go overboard until I get my hands on the SEC filing for this deal.