A Good Day To Be In Cash

I'm not, but I wish I was (in cash). DNS -236, -61, -26.

Speculative solar stocks YGE and JKS topped the watchlist with 9.7% gains or better. Three oil stocks were in the bottom four, KEG, BAS, and CWEI.

I don't see this European mess going away soon so I went defensive with trailing stops on everything. Tight on the stocks that just keep drifting lower, and loose stops for stocks that looked like they were coming out of a bottom. Better late than never I guess.

Trades:

ENV hit the 5% trailing stop loss order, -11.3%.

KEG hit its 7% TSL order, -3.3%.

Reversal alerts: (5).

Three had good patterns. My pick is

Telecom Argentina S.A. (ADR) (TEO)

EPS Growth
Prev Yr	Past Yr	Growth	P/E
0.48	2.31	381.3%	-
0.49	0.75	53.1%	-
0.54	0.70	29.6%	-
0.53	0.72	35.8%	6.3
Next Two Quarters (est)
2.31	0.79	-66.0%	6.18
0.75	0.77	2.7%	6.14

Sales Growth
Prev Yr	Last Yr	Growth
789.7	3440.1	335.6%
762.5	969.4	27.1%
813.8	1052.5	29.3%
884.0	1119.4	26.6%

followed by

Express Scripts Inc. (ESRX)

EPS Growth
Prev Yr	Past Yr	Growth	P/E
0.41	0.62	51.2%	-
0.47	0.62	31.9%	-
0.56	0.66	17.9%	-
0.58	0.67	15.5%	17.2
Next Two Quarters (est)
0.62	0.85	37.6%	15.80
0.62	0.81	30.8%	14.74

Sales Growth
Prev Yr	Last Yr	Growth
8197.0	11294.2	37.8%
11138.4	11094.5	-0.4%
11288.8	11361.4	0.6%
11251.8	11571.0	2.8%

and finally JKS, but only as a play on the chart.

Too Early

There's a definite bias to the downside here. DNS -54, -2, -5.

FMCN came back 14.7% but still has a long way to go. FRO got clobbered for 41.0%. In fact, the shippers had a prominent position at the bottom of the watchlist today: FRO, TNP, FREE, liwa, and EXM.

Trades: See previous post.

Reversal alerts: (97).

Filtered for growth, lowest forward P/E first: RSO, TEN, MCP, EFII, SMBL, and MDRX.

+SPRD +CVI

Bought calls for both plus more shares of CVI.

Dag!

DNS -249, -49, -23.

I never would have expected that GMCRrrr would have been second best in the watchlist with a 4.9% gain for the day, between NVDA (+5.0%) and KOG (3.4%). KOG is up 12.7% since 11/3 while most of the other oil stocks in that oil test portfolio have gone negative for the same holding period.

The wheels fell off the bus that is FMCN, down 39.5%. SPRD took a 13.1% hit. Last week's breakout stock VIT gave back 18.4%.

Trades:

With all the volatility in FMCN, I bought a December bull call spread for what was a good price for a $15/$20 with the stock trading at $21.xx. Unfortunately what I bought was a $20/$25. So I sold it 3 1/2 minutes later for a +14.0% gain. Whew!

Then I put it a limit order for the $15/$20. It filled at 12:35 and the stock moved back up. Then at 1 pm someone (or their broker) spooled off a large position until 1:30 or so dropping the price from $19.95 to $8.79. It recovered somewhat. Hopefully we'll get more back tomorrow.

:: Update ::
Reuters is reporting that allegations of the company overstating the number of displays in its advertising network (among other charges) in a short seller's report are to be refuted by the company in a statement tomorrow. The allegation were stated as being "completely untrue" and the company suggested that such behavior "should be legally punished". :: ::

I bought KEG shares which are ITM.

Reversal alerts: (2).

HFC and NFLX.

Rotten Week

We'd have been better off sleeping on our money this week. DNS +25, -15, 0.

Today's action was a tug of war with a slight bias to the downside.

Trades: none.

Portfolios:

They took a beating this week. The ESG port is at -15.0, the value-sales port is at +1.0%.

Reversal alerts: (27).

Filtered for earnings growth, lowest forward P/E first: KNOL, IFSIA, LSI, ACTG, and MCHX.

Firecrackers

That describes how my trailing stop loss orders were firing off. DNS -135, -52, -21.

LIWA was up 10.3% today, VIT had another good day with a 4.1% gain. The oil stocks gave some back.

Trades:

TSL sales: BAS +11.3%, CWEI +7.4%, KEG +5.5% & +10.8%, RES +13.6% & +1.4%.

I had lowball orders in for CF shares and CVI call options - both filled and could have been bought for less (but not by much ;-)

I tried to buy LIWA but it got away from me.

Reversal alerts: (3), junk.

Jumped the Gun

We were doing well until the bottom fell out. DNS -191, -47, -21.

Watchlisters up 7% or more for the day are TSRA, GMCRrrr, and VIT.

Trades:

I tried to catch the falling knife that was CVI. I bought shares and call options which were good 'til the last hour.

I sold my November $55/$60 GMCRrrr call spread that expires Friday. GMCRrrr ran up 9.85% to close at $52.30. I sold too early, but to be honest, the fact that I was able to recovery any meaningful amount for my way OTM spread was a win, and my time value was rapidly decaying, -87.9%.

Reversal alerts: (5).

CEP, DMND, and CBD might be worth a look.