If In Doubt, Get Out

I just made that up.

Or I heard or read it somewhere some time between 20 years ago and 10 minutes ago.

Anyway, that sort of describes what I did this morning, selling my April CRZO and FLT calls, +84% and +52% respectively. I didn't want to see my gains evaporate with the window closing on expiration. And, if they go down, I get a better entry point for the next round.

GOOG hit the trailing stop, -1.17%.

I tried to sell my DCIX and buy more SMS, but neither worked out.

More Register Ringing

I sold my GALE shares when it hit my limit order, +3.1%. It will probably push through resistance and move up from here, but I'm tired of the ride.

I took some money off of the table and sold half of my FLT calls, +52%. It's not that I don't think FLT will continue to do well; there was just too much profit at risk and it was my largest option position (and my biggest stock holding for that matter).

I bought JAZZ shares. I hope JAZZ is near a bottom.

OAS had a nice day.

Raising Cash

VRTU spiked down this morning and hit its 6% trailing stop, +7.6%.

I didn't care for the downward revisions of ECL's earnings projections, so I put a 1% trailing stop on it as it was moving higher this morning. It later sold, +1.6%. I don't have the conviction to hold it here, so taking a small profit and raising cash sounds like a good idea when I have so many other positions that are running well.

On Friday I bought the wrong expiration for some EWZ calls. In fact it expired and executed that day after losing some value. Fortunately it was moving up as I was selling off the called shares and I even sold the last portion near the top for a profit. But it wasn't enough, -17.4%. At least it was a very small position (a smaller dollar loss than my gain in ECL). I still want to catch the rebound in this ETF.

I didn't buy my JAZZ yet.

Prospects

JAZZ seems to have some nice growth ahead of it. The current P/E is currently 13.4 falling to 8 using EPS estimates for next year which have been revised upward three times in the last 90 days. The last four quarters sport triple-digit YoY quarterly sales growth, though that will decelerate in part due to a strong second quarter last year.

JAZZ came up during Cramer's Lightening Round so Cramer will probably follow up on it this week. Given that the stock price has pulled back 6%, I plan to move back into it early in hopes Cramer finds something he likes.

Jazz Pharmaceuticals PLC (JAZZ)

EPS Growth Prev Yr Past Yr Growth P/E 0.54 0.51 -5.6% - 0.81 1.12 38.3% - 0.77 0.58 -24.7% - 0.88 2.79 217.0% 13.4 Next Two Quarters (est) 0.51 1.33 161.6% 10.19 1.12 1.44 28.6% 9.51

Sales Growth Prev Yr Last Yr Growth 50.9 108.4 113.0% 64.6 226.8 251.1% 73.3 175.5 139.4% 83.5 183.7 120.0%

OAS is also showing strong growth with a P/E falling from 35 to 11.3 and strong double-digit sales growth projected for several quarters. KOG is in a similar position; P/E falling from 18 to 9.4. EPS estimates are holding better than OAS, but it's off its highs and not trending well. I already own these.

Oasis Petroleum Inc. (OAS)

EPS Growth Prev Yr Past Yr Growth P/E 0.02 -0.15 -850.0% - -0.07 0.18 357.1% - 0.36 0.82 127.8% - 0.72 0.20 -72.2% 35.3 Next Two Quarters (est) -0.15 0.49 426.7% 22.12 0.18 0.54 198.9% 18.25	Sales Growth Prev Yr Last Yr Growth 49.1 116.9 138.1% 58.7 138.6 136.1% 67.2 149.1 121.9% 87.6 184.7 110.8%

Kodiak Oil & Gas Corp (USA) (KOG)

EPS Growth Prev Yr Past Yr Growth P/E -0.04 0.01 125.0% - 0.04 0.35 775.0% - 0.15 0.01 -93.3% - -0.15 0.13 186.7% 18.4 Next Two Quarters (est) 0.01 0.15 1360.0% 14.44 0.35 0.16 -54.0% 20.69

Sales Growth Prev Yr Last Yr Growth 13.3 79.9 500.8% 35.4 85.8 142.4% 29.5 112.1 280.0% 55.0 130.8 137.8%

Bulls Got Loose

FLT had a nice day, up 4.75%. It's rebounded from Monday's low of $67.33 to close today at $75.82. AAPL has even gained 20 points over the last 2-1/2 weeks.

I bought calls in ETFs EWZ and OIH.

The Pause That Refreshes?

Today my GTLS shares got stopped out, +12.7%.

Today I bought calls for HMA and OAS. Yesterday I bought calls for KOG. I think I'm done buying until until this market gets some traction again.

Buying the Dip

I bought June calls for CRZO, DCIX, KOG, and URI. I bought shares of TICC.