$661 Profit
SHLOLong Stock
Entry comments: Bought this earnings winner on the multi-month breakout, its held its gains well all day so risk is only 15-20 cents/share, even got up to 13.20 at one point, conference call very positive, 260,000 shares short & 3 analysts any of whom will likely upgrade the stock tomorrow, all I want is to sell into morning spike in the 13s tomorrow or maybe even today if it can close strong...low float stock though so only buy on dips like I'm doing, don't chase any big spike
Exit comments: Got an attempted breakout over 13, but then a big seller at 13.05 stuffed it back down...this probably breaks out later today, but low volume & failed morning spikes like PTN have me playing this safe
Newsletters:TimChallengeTimAlertsPennystocking Silver
Broker:Interactive Brokers
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Position Updates
- Jun 04, 15 3:27 PM: Bought 2200 at 12.57 - Bought this earnings winner on the multi-month breakout, its held its gains well all day so risk is only 15-20 cents/share, even got up to 13.20 at one point, conference call very positive, 260,000 shares short & 3 analysts any of whom will likely upgrade the stock tomorrow, all I want is to sell into morning spike in the 13s tomorrow or maybe even today if it can close strong...low float stock though so only buy on dips like I'm doing, don't chase any big spike
- Jun 04, 15 3:55 PM: Added 800 at 12.87 - Added to my position on the strong close, I think it retests today;s high of 13.20 tomorrow and might even break that so still solid upside and a nice base protecting me
- Jun 05, 15 9:39 AM: Added 1000 at 12.72 - Dip bought since this earnings winner failed to breakout on such light volume, shorts I think are getting too confident and can still be squeezed, possible delayed morning spike, all I want is 13 or a retest of yesterday's 13.20, careful though, VERY light volume today
- Jun 05, 15 9:54 AM: Sold 4000 at 12.85 - Got an attempted breakout over 13, but then a big seller at 13.05 stuffed it back down...this probably breaks out later today, but low volume & failed morning spikes like PTN have me playing this safe
| Date | Price | |
|---|---|---|
| Entry | 6/4/2015 | 12.6675 |
| Exit | 6/5/2015 | 12.85 |
- Total Views1,265
- Position Size4,000
- Percentage1.44%
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