Quick Draw Mc ... Crap

I pulled the trigger a little too quick on those RBCN positions and cut my gains in half. I could have waited a day maybe. DNS +30, +6, +4.

Trades:

RBCN gapped up and then sold off for the first three minutes and triggered my stop loss order, +26.9%. I still have half of my March calls.

I sold MTX because it was a reversal play that never got moving. +0.91%

The limit order for half of my TTMI calls sold, +41.2%.

I bought a few OTM SSW May calls.

Reversal alerts: (6), but nothing interesting.

Hedging My Bets

For whatever reason I opted to continue the theme of cleaning house and taking some profits off of the table by selling into the rally. DNS +62, +21, +8.

Stock Trades:

I bought TE.

PAAS gapped down and tripped the 7% TSL, -6.9%.

I sold half of my shares in PTEN (+25.5) and RBCN (+9.0%).

I tightened up the stop loss orders from 7% to 5% (trailing).

Option Trades:

I closed out my March calls on AEIS, +34.8% (held one day).

I closed out ALTR [Shaeffer pick] (+50.5%), SCCO (-41.7%), and SPRD (+0.01%).

I sold half of my RBCN calls (+46.2%).

Reversal alerts: (11). t2: TE (again) & BRY. hlr: CCM. CCM has been dropping hard but will be holding a P/E of 8 with 30% YoY quarterly sales growth and good yearly sales and earnings growth. Wait for it to bottom.

That's One

Today's drop was no fun. DNS -42, -13, -5. Many have been fearing a pull-back or correction, and with much more of this action they'll be quick to move into cash.

I began looking for under-performing positions to sell to 1) limit my exposure, 2) raise cash for the buying opportunities that corrections bring.

Trades:
AEIS reported earnings and gapped down and triggered the 7% trailing stop loss order: -8.10%. I held onto the April calls and even low-balled some March call options and got them, thinking the selling may have been overdone.

I sold my calls for Shaeffer pick LEN: -1.18%.

I sold my DRYS calls: +22.96%. I still have DRYS shares, protected by a Feb $5 put.

Trailing stop loss order triggered later for MIPS (+6.91%) and SPRD (-2.19%).

Reversal alerts: (6), TEco is the pick here, market withstanding.

Steady As She Goes

A mixed day but not bad for the Nasdaq and S&P. Great for ANAD, NFLX, JKS, FTO, and SIMG (all 6%+). My holdings PAAS, RBCN and VSEA did well (4%+) and AEIS, ANR, DRYS, MIPS, and XLE nudged up 2%+. SPRD took a hit and ENTR continues to be a serial disappointer.

JKS gapped up and stayed high - I obviously missed it. It went on to gain 6.79% for the day.

Trades:
I'd bought TSRA thinking it might bounce; it didn't and there are better places to put my money, so ... sold (+3.10%).

AEIS had been lagging so I sold the Feb calls for a small profit (+10.8%). Then it went up a bit more. I still have Apr. calls I'll hold if AEIS continues to recover.

I put in orders to sell ENTR; calls, stock, whatever. It doesn't matter why you like a stock if everyone else is selling, and that seemed to be the case here. BUT, when I looked at the chart and saw higher highs and higher lows, the stock appeared to be coming out of a bottom. I felt like I should hang onto it, so I canceled the orders. It went down even more. Yet I feel I made the right decision to hang tight. It's primed for a reversal.

Reversal alerts: EPAY MRLN NS and CSR. Nothing very interesting.

JKS and SWK

JinkoSolar has been showing up repeatedly in my scans. JKS had a nice 300% run followed by a strong sell-off, then a 30% run and has recently consolidated with some recovery. Because of the volatility and not being at a particularly strong buy point, I wouldn't recommend it for a buy and hold position now. But the fundamentals are compelling.

Earnings-wise, JKS has gone from declining losses last year to increasing profitability this year: $0.16, .13, .36, .45 with estimates of $1.62 and 1.25 (both > 850% YoY) $/share for the next two quarters, dropping its P/E from 26.2 to 7.8. That's triple digit YoY earnings growth for six quarters. Estimates have been revised upward and analyst opinions are favorable.

There's triple-digit YoY quarterly sales growth too for the last three quarters, and estimated for the next two (152% two quarters out).

I'm going to start a position here and probably buy more either on dips or strength.


Stanley Black & Decker is also sporting triple digit sales growth (around +150%)  for the last three quarters. SWK is resuming profitability and will shed some losses that will drop its P/E from 106 to 18.9.

SWK is at the top of its chart now, so I wouldn't buy here but it's got a spot in my watch list.

Wealth-Lab Simulation

This is a 6-month run of the t2 script against a select universe of 1459 stocks. (One of my two daily chart scans.)

Equity Graph

 

Performance Stats

Weekly gain/loss

Here We Go

That's more like it. DNS +44, +19, +7. Watch list members with 4% or more gains: SWS JDSU WYNN VECO SSW PDLI CMG and YGE.

Trades: none. It was just nice to see some of the laggards getting back to even and the winners nudging upward.

Value-sales portfolio, +55.6%

Reversals: (11) of which only NIHD and NS are of the slightest interest.