Hey hey!
Relatively easy day as I just took two trades (small loss on TVIX in the morning, then flipped to long XIV and rode the wave up a bit). Sometimes you just need to admit you're wrong and go the other way. No problem at all as long as you cut your losses quick and let your winners run! I stayed away from individual stocks as there wasn't much that I could trust since the market was a bit indecisive, but there was a nice trade available in NBG in the morning and a couple others like FIT and some china names but overall I think it was best to just sit on your hands and let the market decide which direction it wants to go. We have another ECB meeting tomorrow to decide if they will open the door for more negotiation on debt for Greece, so there is a lot of uncertainty remaining in the market. My list is pretty much the same and will stay that way until there is a resolution in Greece. For tomorrow I did make a note that LXRX looks pretty nice for a continuation higher. It's trading about $1.24 pre-split right now (was a 1:7 reverse) and effectively broke over the previous $1.20 resistance so I think it has room to run to $9.30-9.50 ($1.30-1.40ish pre-split) and if it gets over that $10.50 may be in the cards (i.e. $1.50 pre-split). Will be watching that for a weak open and r/g if the market stays strong. Other than that I still have TCPI and CLNE on watch as well as ACRX and OCLS for longs. The only one I REALLY like is CLNE, followed maybe by LXRX and TCPI but TCPI only if it gets volume.
Aside from those things I'll just be watching XIV and VXX and playing market volatility until we get some news on Greece!
Hope everyone had a nice day and feel free to post questions if you've got them!
Chris
Submitted July 06, 2015 at 08:36PM by ghostofgbt http://ift.tt/1JKCG2j
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