By now we all know Monday Aug. 24 opened badly. Unfortunately I had a tight stop on CSFL - the gap down took care of that. A 10% paper gain turned into a +0.05% keeper. Lesson learned. My orders are now only good for the day until things settle down.
On Wednesday I bought SWKS again. I sold it today, +6.8%.
On Friday I re-bought the top of my INFN pyramid for $21.86. That's the lot I'd sold earlier for $23.95.
In addition to the SWKS sale today, I also sold my EVHC that I held since May, +10.0%. Both were lower at the close.
Finally, I bought some Nov $190 SPY put options. Too many people I respect are calling for more weakness in the market.
Monday, August 31, 2015
Friday, August 21, 2015
BDSI SEDG INFN
On Wed. 8/12 the EPS estimates for BDSI were lowered again (significantly). This is not the sign of a market leader or a likely acquisition candidate. Recovery prospects look bleak. Sold, -48.0%.
Wednesday was a tough day for SEDG. I bought large lots below what I figured were trigger points for stop loss orders (-5, 8, 10%) placed the previous evening. SEDG's solar "peers" are facing headwinds and being punished, but SEDG is a core provider that I believe is insulated to some degree. With EPS estimates raised again, I'm grossly over-weighted in SEDG.
I put in a stop loss order for my top tranche of INFN. It triggered early yesterday morning leaving me with a +3.6% gain on that lot and an unrealized gain of 20%-plus for the larger lots. With more selling, perhaps partly related to newly acquired Transmode shareholders selling their shiny new INFN shares, INFN finished down 12.3% (and the DIA closing down 358 points). That left my remaining shares still in-the-money, but at risk. I don't plan on selling here. I also have October calls that are still ITM.
That leaves my other top holding AMAG. It has fallen through the uptrend line and appears to be in a healthy consolidation phase. I'm holding here.
On a side node, I'm so glad I ditched AKRX. They failed to report Q1 (among other restatements) again amid new Non-Compliance Notices.
Overall, this market is par for summer trading. I'll continue buying and looking ahead to September.
Wednesday was a tough day for SEDG. I bought large lots below what I figured were trigger points for stop loss orders (-5, 8, 10%) placed the previous evening. SEDG's solar "peers" are facing headwinds and being punished, but SEDG is a core provider that I believe is insulated to some degree. With EPS estimates raised again, I'm grossly over-weighted in SEDG.
I put in a stop loss order for my top tranche of INFN. It triggered early yesterday morning leaving me with a +3.6% gain on that lot and an unrealized gain of 20%-plus for the larger lots. With more selling, perhaps partly related to newly acquired Transmode shareholders selling their shiny new INFN shares, INFN finished down 12.3% (and the DIA closing down 358 points). That left my remaining shares still in-the-money, but at risk. I don't plan on selling here. I also have October calls that are still ITM.
That leaves my other top holding AMAG. It has fallen through the uptrend line and appears to be in a healthy consolidation phase. I'm holding here.
On a side node, I'm so glad I ditched AKRX. They failed to report Q1 (among other restatements) again amid new Non-Compliance Notices.
Overall, this market is par for summer trading. I'll continue buying and looking ahead to September.
Friday, August 7, 2015
More AMAG, INFN, and SEDG
Yesterday I added onto my AMAG and SEDG positions. Today it's INFN.
The tankers TNK and LPG might be good for a trade, but the growth flattens out next year so I'll just let my current positions run and capture the value of this year's growth.
NWHM missed so I'm looking for a little bounce to get out of that.
The tankers TNK and LPG might be good for a trade, but the growth flattens out next year so I'll just let my current positions run and capture the value of this year's growth.
NWHM missed so I'm looking for a little bounce to get out of that.
Subscribe to:
Posts (Atom)