It's been a couple of crazy, busy, and profitable days. I've put risk on took risk off played MOMO and Mean Reversion Trades. I'm trading very cautiously with reckless abandon. By that I mean I am taking a lot of shots but if they are not working I'm getting out very quickly. Given the number of trades I've taken I'm doing a bulk update.
Tuesday:
Closed VSR -Pre-market 6.13. There was a Seeking Alpha hit piece, The ebola trade is getting crowded and at some point it will end in dramatic fashion. I believe in booking profits and this one went for over 3R without a single minute of exposure to regular market hours, which would have been subject to a brutal pull back.
Entry: 4.20
Exit 1: 5.50 (31%)
Exit 2: 6.13 (46%)
CERS:
This had some momentum behind it and I had hoped it would continue. It seemed to get stuck, so I bailed.
Entry: 4.26
Exit 1: 4.18
Exit: 2. 4.05
- .04R
DGLY
This former momo beast started to show some renewed energy on a new patent and a new order. I though this move and news might prompt something bigger. I took a small starter position. Not to be it dropped hard.
Entry: 11.94
Exit: 11.05
- .04R
HCLP:
A blast from the past. Could it be bottoming? Bought 44.88 seemed to be fading. Do I trust this market? Nope
Entry: 44.88
Exit 1: 45.61
Exit 2: 45.22 +141
+.25R
LEAF:
So the markets fading but my LEAF trade has somehow miraculously not only held up after nearly being stopped ( I was probably down 1.5R with a 2R stop,) it gained that all back and somehow I'm green on the position. Market volatility is increasing. I decided to cut my position size for a small gain:
Entry: 33.75
Exit 1 (partial): 33.86
MAR
So this one is in a waterfall. It started to make a comeback, I didn't see it with the ebola thing going around. Who wants to fly these days? If no one flies hotels suffer.
Entry: 62.72 (target 60)
Stop. 63.75
Showing posts with label VSR. Show all posts
Showing posts with label VSR. Show all posts
Wednesday, October 15, 2014
Monday, October 13, 2014
Opened VSR ... Big Gain Hunting.
Another Ebola Play. They have a subsidiary--VersarPPS- that makes biohazard suits--, decontaimnation rooms etc and all sorts of protective containment equipment. Their equipment is already used in Ebola hot zones and they have donated suits to the cause.
I Bought A.H. 4.20. Sold off half at $5.50 as this has taken off. Just over 9 Mill shares outstanding so this is going to get a lot of play.
As fun as VSR is I could see it running. It has a book value of 3.15 with $1.00 in cash in the bank. Trading at .32 times sales as of close. This could Triple and still be cheap.
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