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.

June 2.

Cut size on ONTY This is a stock that should have every reason to sell off to the $3.50 base... but it hasn't  that's a very bullish sign.  Gaps can act as support.

That said, I needed to reduce position size  to give this trade a change  size after this didn't immediately pop.

Entry 4.09
Exit.  3.87 (1/2)

STV: I jumped the pattern soon and realized my mistake soon afterwards.  No reason to compound a bad trade with a bad decision.
Entry 5.14
Exit. 4.90

Now that the losses are out of the way.  Boom time:
I scooped TANH as low as 12.25 last week.  Monster. breakout.  So I sold because that's what I do.

Entry 14.66
13.64
12.25
Exit 1. 15.35
Exit: 16.66

New Trades:

LIFE:  Weekly IPO breakout.  This is the second time I've traded this stock.  But I admit it scares me. Massive spreads, thin,  but oh so powerful.

Entry 24.95.

ZAGG:
Weekly breakout, oh so powerful
Entry 10.08

March 18, No changes today.

I didn't add today as I want to see how my positions weather pull backs.  So far, mostly good, nothing was stopped out and MVIS absolutely ran. 

MVIS:

Breaks to Mult-year highs today with an RSI and MACD highs as well.   The prior resistance should act as support-- enabling me to move my stops up to the 3.30-3.40 range. 

CRMD:

A bit of a pull back today but still above my buy point of 7.98.  The magic line continues to hold. 

Bigger picture looking like a 2 week rest similar to early feb. Very health as long as the range holds.

REPH:

I expected a pull back after being up 30% + in 2 days.  That said. This bounced off its lows very nicely.  Perhaps a fishhook into the week in? As long as it holds the EMA 7 this move is still very much enact.

DFS:

My short position:

DFS bounced off of its lows which looked like it was ready to completely break down.  IS this a pivot or a 1 day event.  I'm not sure. 

CYTX:

Bit of a pull back on the daily.   But stop at 1.10 still holds

Weekly range continues to tighten, when (or if) this breaks should store up some power. 

VLRS:

Held range, nothing otherwise notable.

GOGO:

Inside day following breakout, nothing notable.

AXN:

Pushed initially in the AM which was sold. Although it pulled back the breakout point(and my stop) held. One step forward .75 back has been the recent history on this move so nothing surprising. 

RMGN,

This one ran in to selling but volume was relatively light compared to the bullish days.  Hopefully there's some buying as my stop holds by just a bit. 

ARQL:

Yesterday had  a big move.  I was encouraged as this bounced pretty well off its lows and closed pretty close to the open.  Could be set up to run into the end of the week as the bear's initial attempt failed to kill off the rally was rejected.

PTCT:

This the one that surprised me the most as yesterdays breakout was completely rejected in a convincing manner.  I took a small position as I'm playing the weekly move giving me a wide stop--My stop is at 70 -- so I'm hoping this was just a one day- late selling and we'll get a bounce back but if not it's time to get out. 

ZAGG:

Goes in the nothing to see here category. Would have liked to see more follow-through. 

Opened VLRS, GOGO, AXN, RMGN, ZAGG, ARQL, PTCT

I got a lot of alert signals today and I took a lot of them. I fully acknowledge, I do not know what any of these companies actually do, nor do I care.  They meet my setup requirements.  The market tells me that they are good and the market is correct.


VLRS:
Weekly heads over 70 on the RSI but I bought at 11.98 so I'm down a bit. That said, if this can hold I believe this has a shot for all time highs.

Entry: 11.98
Stop 11.00

GOGO
Weekly breakout after a week rest, clears resistance at 20.
Bought the 20 may  calls, 1.95.

AXN:
Nice weekly fishhook breaks above the momo line after a false start this surged ahead. This is showing that there is some power behind this move and I want to be in.
Entry: 2.00

RMGN:
Weekly B.o on the RSI.  I took this trade even though the RSI is not over 70. B/o had its moments but not as strong as others... Wait and see. This once was a $22 stock
Entry: 2.04

ZAGG:
Daily breaks range here

Weekly showing pure power.
Entry: $9.08

ARQL:
Breakout after back test of the b/o.  This one is showing signs of some power.

PTCT:
This is the one that I was hoping would give me the signal and to day it did. Weekly fishhook  range

Daily shows this move is range expansion.  It's time to run.

Entry: $76.66