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.

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.

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.