Hey hey!
Nice day today. It took me a bit to get it going but once I did it turned out ok in the end. One of those days where you feel all day like you're red and then look at the end of the day and go "oh nice, I actually made money, haa" - I took just one small day trade in OCLS at $1.59 but it popped to $1.65 and then got stuck so I took it off at $1.56 about 1.5 hours later. I continued to work my average down on CMCM, which took me a few more tries than I expected but I nailed it in the end. First I tried to play the $33 bounce so grabbed $32.95, but it couldn't hold $33 so I took it off flat, then I tried again at $32.48 and it couldn't break $32.50 so I took it off for a 30c loss at $32.18, and finally nailed it at $32.43 and sold $33.05. All that effectively got me back to 1/3 size again and now I have $34.26 average vs the $34.60 I had Friday, and $35.05 which I started with. This is kinda a game you gotta play on these big range stocks if you want to swing them cause they're often unpredictable. The idea is basically just to get my average into the middle/lower part of the flag on the daily chart and then add to it from there. So far the volume's been light on the pullback the last two days so I am expecting more buying to come in soon. In the mean time I'll just keep trading around that 1/3 size core position and scalping it intraday racking up small gains to work my average price down. It should be noted that I am doing this with a bunch of free trades I had on Scottrade so I wouldn't be in as good of shape on it w/o them. I'm almost out now so I will have to be a little more accurate than I was today ;) My ultimate goal is to take it for a swing over highs to $40-45 but Iw ant to have a $33-34 average by then and a good size position! Also I took some IBIO long at $1.06 overnight on the news of another couple of Ebola cases in Sierra Leone, and am swinging some CLDN from $2.26-2.29 today anticipating the $2.39 breakout. big spots are $2.36, $2.39, $2.65 andthen about every 10 cents up to 3 bucks, after which it has a big gap to fill so I will be watching those levels along the way. I also finally stopped out of my ENZN swing today at $1.24 from $1.33 a while ago and I'm still holding a swing on ABIO from $0.98 which is back at breakeven again, lol. Hopefully it busts tomorrow and actually holds this time. It'snot really using much buying power so I just decided to let it ride a while. I didn't see a ton of great stuff on my scan but there are a few nice ones so I'll just detail the ones I like but I don't really have specific plans for any of these...just managing my swings mostly:
AMRN (long) - Looks good over $2.50 daily level but it could really do anything in the morning so will have to see how it opens to plan for it
CPRX (long) - Still chillin in this consolidation between $4-4.20. It will pop eventually
FMSA (long) - Getting very close to a breakout over $9.50 IMO
GERN (long) - Nice runner today and closed strong. I still think it's better for a swing but if it gets volume it could be a nice daytrade too
AXPW (long) - big bounce today and was flagging all day. Watching for continuation tomorrow
ZBB (long) - Still stalking for a run over .95-1.00 ... swing type stock. Very thin
SSYS (long) - Back again from the bottom! I have no problem rebuying this for the $38 break. Revenge tastes so sweet ;)
Hope everyone had a nice Monday! I overslept and woke up at 9:20am haha so I had some fun scrambling to get ready for the open and probably missed a lot of good stuff but I'm proud of myself cause usually when that happens I just jump into somethin like a retard and lose 500 bucks out of the gate and then I have to spend the day grinding back to profit, lol. So gonna get some sleep tonight! Let me know if anyone has questions :)
Chris
Submitted June 22, 2015 at 10:46PM by ghostofgbt http://ift.tt/1IbaAvn
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