June 11, What a difference a day makes.

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.

It's ability to bounce back proved its worth.  And the weekly breakout looks very much intact.

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.
Entry: 27.28
Exit: 26.04

PBMD:
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.
Entry  2.16
Exit. 2.08

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.

Entry: 2.83  

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.

KITE:

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. 

June 9, Dip buying.

I was not seeing a lot of surge on the momo names today.  My best performing stocks held around even FOLD, TROV, FEYE,  JD,

   On days like today, I prefer to buy pull backs in stocks that have shown power rather than to take mediocre breakouts.  The strong survive and are the first to bounce back.


Added a bit to my EHIC position 16.11
It got a nice pop off lows, now to push the highs again.

 I'm able to add on these pull backs because I took a larger position into the initial breakout, so I'm playing with house money as I've bought back a number of shares below what I sold.

PBMD:
Entry 2.16
Holding that 4 week avg.  This presents a good risk to reward  point here.

Was not able to take out hourly highs, lots of shadows at that 3.35 level.

KITE: Kite had a powerful more to end last week.  CaRT stocks have been surging (notwithstanding today)  I think its appropriate to take a shot at buying weakness here.


Jul 17, 65 calls @3.20

LIFE:
Entry: 22.43,  (Small).  In for my third run at LIFE.   Wide spreads are the norm with this one.  It was punished today on weak volume considering the size of the move.  I'll take a bite here.   Stop is 22 on a weekly close at this point but I'll expect a bumpy ride for the remainder of the week.