26 Jun 15
I've made one trade this week..got to be record for me..
CBLI - I have a small long position o/n at 5.43. IMO good r/r. Risk set at 5.20 using the day low from 15 Jan. http://schrts.co/FOuolV....kept position small if their is a morning wash..as long it holds 5.20 I can add. If it breaks 5.20 I'll cut losses and look for another entry, I'm guessing around 5.00.
PVA - I'll play the price action long or short but with small positions. If PVA does not confirm or outright deny the buyout proposal then there is a risk that the stock gets halted and I don't want to be long if that happens. I would expect that Benzinga will issue a retraction of their article since PVA denied any PRs being released. Stated they have no comment on market rumors. many unknowns, and the short squeezes can be quick. Reactive Trade. Interesting article WSJ from 26 Feb 15 where PVA states they are exploring a sale. http://www.wsj.com/articles/
OHGI - I don't have a position in this as I was watching CBLI going in to the close. I should long o/n on this. Hopefully no gap I can get a descent weak open dip buy (if your long o/n congrats and I hope it gaps up for you). I won't trade it at the open if it gaps up. I'll wait for a possible dip buy. I just refuse to chase stocks anymore. I either get an entry I'm comfortable with or I don't trade. No chase, no cry..sometimes missed trades but I'm okay with that. Okay looking for a dip buy 3.53 -3.56..Technical resistance 3.72, 3.79, chart resistance 3.95, 4.34, 5.15. I will start in this small and add to a winning position. Possible swing trade. Add levels will be at the chart resistance points if I swing trade this. http://schrts.co/bURmOV
ZIOP - Needs to break 12.59 then the next resistance point is 13.43 so it could have some room to run. Couple options..wait for the 12.59 break or dip buy and wait for the test of 12.59 if it comes. If I buy I will be looking to exit in the high 12.90s, depending on how resistance looks at 13.00. Watching for a dip buy between 12.24 - 12.37. Closed at 12.43. http://schrts.co/LmU34A....http://schrts.co/LmU34A
HEAR - watching for a possible dip buy around 2.56-2.60...speculative...http://schrts.co/T4xgxy
DSKX - watching for a potential dip buy similar to OHGI..watching for the first green day higher low/high and set risk off the previous red. 5 red days..just watching for signs of life. Double bottom(ish) at 3.18..just a watch for now...http://schrts.co/FrbXBX.....technicals don't look great and are declining.
Good Luck
Hoop
Hey Doug, I've been reading your watchlists ! Nice work ! I wanted to ask what you thought about Nate and IU and how it compares to Tim's room. I'll likely sign up in July with IU. Thanks.
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