LPG & NWHM Opened

I opened small positions in LPG and NWHM today, pre-earnings reports.

TNK has worked fairly well for me so I added some LPG which has been on my watchlist too long.

NWHM may beat on earnings and revenue, but estimates for this year and next are pretty aggressive so their outlook will be key.

TNK Added

I added onto TNK Monday after estimates were raised going into next week's earning report.

I was a day early on my AMAG and SEDG buys Friday, and TNK's Monday. It's so much nicer having a bit of profit to work with rather than being under water 1 day out. But that's what you get buying in a market slump.

AKRX Gone, Q2 ERs

I opted to sell AKRX and sit out its belated Q1 earnings report, +2.4%. It's basically a "do-over" with a bit of profit thrown in.

I bought more AMAG and SEDG. I'm pyramiding both - capping off AMAG with a small tranche, building the base of SEDG with a much larger one. These are my two largest positions by a large margin.

I think I called SWKS right. There's still growth there, but it's not the rocket ship it was. I'll keep an eye on the EPS estimates and wait for the dust to settle, but I'm out for now.

This was not a good week. Someday I'd like to sell DFS for a profit. Everything was down but INFN, which had a nice pop to new highs.

Holdings: AMAG BDSI CSFL DFS EVHC INFN MOH SEDG TNK

LCI Gone, INFN Expiry

Earlier this week I set a 4% trailing stop loss order under LCI which finally kicked me out above $60, +3.6%. Considering the loss I was staring at at one point, that's good.

My July INFN call options expired today. I priced them a smidgen too high and finally had to punt for a small loss, -3.0%. My October INFN calls are in good shape.

It was a good week with all but two stocks (LCI & SEDG) up for the week. More than half were up over 5% for the week.

AKRX Opened

Yesterday I saw AKRN mentioned with LCI and took a look. Earnings as posted (and lagging) are growing, revenue has reached a new level with some growth projected. There's 80% institutional ownership with a 90% buy-side bias. It's a bit expensive P/E-wise but next year's forward P/E is 18.6. I opened a position.

Today I see that AKRN is late filing it's March 31 10-Q but just got a reprieve yesterday from Nasdaq. Personally I don't want to wait as late as Nov 9 to see how they did in Q1 ... at least not for this price (P/E). I think the stock has sold off enough to offer some protection and rebound potential, but I'll be proceeding carefully.

Funny how I checked for earnings disappointments (there were none) but missed the fact that all of Q1 was missing.

SWKS Closed, Again

It still feels like SWKS is struggling to get to new highs. Earnings estimates are static, and will probably remain so until they report earnings on the 23rd.

I put in a limit sell order that took quite a while to fill. The position closed with a 5.6% gain in less than a week. That's a year's gain for some asset classes so I'm happy with my modest (but quick) gain from gambling on an oversold bounce.

With earnings estimates mostly locked in I'm not scanning for new opportunities; but rather waiting for the earnings reports to come in. Less gamble, more visibility.

Holdings

Here's a listing my holdings (with no adjustment for options, portfolio weighting, etc.).

Let's hope next week's earnings reports and international news is good. This has been a meaningful correction but I'm ready to get back on track!

[finviz]

Moving Up?

I picked up some more INFN call options when it gapped up, slid back down and filled my order, then resumed the march up.

SEDG had an awesome 14% gain today which recouped a chunk of my losses. SEDG is once again my biggest position. My intention is (or maybe was) to keep building my position at these lower prices and sell off the higher priced lots when the next run fades.

SWKS moved up 6% which was nice as well.

We'll see what next week brings.

SWKS, more SEDG

I did well with my SWKS purchase - so far so good.

So of course I jumped the gun again with SEDGE. How long before I wish I'd bought more at that price?

There's still plenty more dry powder so I'll keep averaging down day by day.

Ouch!

Yesterday's session was brutal. Too bad I didn't hold off until 1130 (edst) to buy. But it looked like the tide was turning earlier - nice fake out. I could have got my INFN for almost 5% less.

I'm getting killed on SEDG which was my biggest position, now well behind AMAG. But SEDG's earnings estimates are holding and the P/Es have dropped, so I'll add more chunks and shore up the foundation a bit.

More INFN

I just added more INFN.

Everything is on sale. I just wish I had more time to do research. I'll keep buying a little more every day while it lasts.

TNK Added

I added TNK today. Low P/E, strong growth, rising estimates, good margins, and institutional buying. Not highly rated by analysts though. It bounced off of its lower channel line so I'm in.

INFN hit my limit buy price at the low of the day, but didn't fill. Maybe tomorrow.