More AMAG & Shopping List

Someone's market sell order found my cheap limit buy order at the open so I picked up more AMAG at the low of the day. Up over 5% on that lot ... nice if it holds. AMAG is still in the channel and closing above the 50-day SMA.

INFN is now at the bottom of its channel and above its 50-day SMA. If it holds, I'm buying more.

SWKS dropped out of a long-term pennant pattern today. The forecasts are predicting decelerating revenue and earnings. I'm going to wait for the price to reflect diminished expectations, or perhaps for the next earnings report (Jul 23?) and some fresh guidance.

CSFL INFN

INFN hit the 6% trailing stop selling my highest price lot, which was just over half my position, +9.8%. The market seems a bit soft here so I'll see if I can't rebuy those shares after a bit more consolidation, or a least some demonstrated support at this level.

CSFL has run strong and is well outside of its channel so I opted to take some profit and sold a bit over half the position, +9.1%. I plan to rebuy at a lower price should CSFL return to its normal trading range/channel.

Yet Another Growth Screen

Here's this week's growth screen on Finviz.

I have positions in AMAG, CSFL, EVHC, and INFN.

I'm keeping a close eye on SWKS, and plan to add more AMAG and INFN if they get toward the bottom of their channels. AMBA and FIT are interesting too.

One Good Week

More SEDG

I added more shares of SEDG. Now my biggest stock position plus Sept. calls. This one is a more speculative than most of my picks so buyer beware (not that this doesn't apply to every issue!).

Thou Shalt Not Give Back

I hate to watch a gain turn into a loss. So when a position has a reasonable margin, I put in a stop loss order in case it heads south. That can be a little short sighted I know.

Peter Lynch said if he used 7% stop loss orders he'd have nothing to show but a portfolio of 7% losses. In my defense I have to balance the fact that I often buy on strength, and at the top. Sometimes that's just in time for a correction. Getting stopped out gives me a chance to do more research, re-evaluate my opinion, and re-enter the stock if warranted, hopefully at a lower price.

Anyway, here's the latest ...

EBS spiked down an triggered the SL order, +2.0%. I see this as fairly valued with a forward P/E of 18.6 and a lot of variability in the growth projections. I won't be re-entering near term.

AMAG hit the tripwire too, selling half my position, +0.61%. The intent here is was to lock in some profit and reposition lower in the event of a correction. AMAG is one of my favorites now and I'll be restoring that lot or even adding-on given the opportunity.

SEDG Opened

I bought shares and Sep. calls for SEDG yesterday. I like the triple-digit accelerating YoY quarterly revenue growth (at least through this quarter) and the triple-digit earnings growth. [estimates]

I missed a good opportunity to get back into SWKS Tuesday morning. I could be up 7% already.

SLAB Sold

SLAB has been looking topped out so I put a 3% TSL order under it. It triggered today, +7.7%.

LCI Calls, SWKS Sold

My June LCI calls had more time value than potential to make up the difference in the next two weeks I thought, so I sold them this morning. LCI never recovered from the post-earnings gap down leaving me with a loss, -70.8%. I still have shares, but there's no rush to close the position while LCI is clawing its way back up.

SWKS hit the 6% trailing stop when it gapped down at the open, +8.27%. It's not my intention to trade SWKS given the constant upward revisions to its earnings estimates, but neither is it my intention to watch gains turn into losses. Hopefully I can get back on board at a lower price like the last time.

SNCR - Sold the Rumor

I executed and sold my June SNCR calls this morning, +51.6%. It popped in response to a buyout rumor. I'm in no position to speculate with no insight into the company, so no call spreads or holding out for a better price. A bird in hand if you will.