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.

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