Current positions -- weekend update

SSNI:
This one broke out very nicely.  I'll run it until it gaps.

EBIX: I bought the weekly breakout and we have a continuation week this week.  This one has had a history of some continuation moves.  I like the look of W2.

TROV:
I hit the breakout pretty well at 9.4. With a close at all time weekly highs and volume being strong I like this one for higher prices.  I'm watching the 10.27 level as being a key holding spot.  If we get that back test and a hold.  I will add to this position.

WUBA: Weekly looks good for higher prices. WUBA has now fought off many attempts to pull it back.  Was this past week a weekly breakout? still  to be determined.

GIMO:
somewhat similar to WUBA, Nice flag following a big move.  only 25Mill shares outstanding, volume shows interest and earnings were pretty good.

IPHI: A great push ahead this week.  RSI now over 70. MACD at  all time year highs

LGIH:  Weekly breakout has not yet held. But I bought on the push ahead intra-day prior high on this flag.  On the plus side has not broke down either.. sometime I just need a few extrudes.  (SSNI needed an extra day and then it really popped)

RSI is a touch low for my normal momo trading plays but I like the drivers for this company.

NDRM: Still playing the short side here. I want to see this fill the 11.75-12.50 gap.  but If it takes out 13.50 I'll close it down.

IPHI:

May 11,

The Market sold off, but breadth was positive.

Interestingly, the move retraced exactly back to the 61.8% fib line--- if you believe in that sort of thing

Despite the red markets, it turned out to be a good day for me.



I sold off My ADRO for a 9% gain on the position since Thursday.
Entry:  29.10
Exit: 31.82.
 I hate gaps in my direction as they usually kill the move.  ADRO gapped and faded so I closed it.  (2 hour chart)

GIMO 30.46,  Looks like we have a decent Flag here.  The opening move was pushed back.  But the breakout point held as well

ICLD:
$4.43  ICLD gave the fishhook buy on Friday but couldn't hold the breakout.  Today it gapped and tested the buy point and then rallied.  There's a lot of power behind this one.

BIOC @3.08  This is climbing that bottom weekly trend line.  I could see this launching from this point.  Tight stops.

WUBA  
 Bought some  75 June Calls @ $3.65.  This range is high and tight.-- can sometimes lead to massive moves.

IPHI  June 19, 22.5 Calls @$1.00
Earnings were good -- pushing IPHI to a w1 breakout.  I love that it back tested-- Should be cleared for higher prices.  I bought the calls

NDRM (Short) 12.92  added another lot to my position.
An inside day.

PTBI:
Fishhooked and it ran hard.
Entry $9.13  --- Exit $9.62  I had intended to take this overnight like my last 3 PTBI trades but this time it went parabolic into the close so I figured I'd take the money and run.

April 21,

BCLI looked good pre-market on some news. But news plays always tends to be a risk.  I thought the gap fill yesterday might enable this to go higher today.  I bought 4.90s and sold at parity for the day. Fortunately I bought small because I knew what the risk for this trade was.

Sold the WUBA on the Gap.  I don't like continuation gaps and this one did. S This one worked extremely well from my entry a day later.

Entry 68.34
Exit. 72.82

FEYE:
PANW and CYBR have had great runs.  So here's another cyber security stock this looks like it is just getting going on a weekly.  The 50 rbi held that should be support.

VLTC:
Not my traditional set up or trade plan but this one is crazy. But what the hell I wanted in on the crazy for S's and G's.   This was a gambling but in now way does that diminish from the gains I made. The bank don't care. Just don't do it again.

ENZN: This is another Ichan play, but look at that fishhook.  I went in large at 1.41 big volume came in and this about to get crazy.