Thursday, 30 January 2014

Trades 30/01/14


Traded ok today - promised myself to make fewer trades and I managed to achieve that goal ... I wasn't feeling 100% today so that sure helped. Hopefully I can keep it up.
Again today's gains come mainly from OTCs, but I'm going to have to learn to accept that for the time being. 

Gappers: 4/8 +$324

$KGET .0325 -$60
$BYSD .003 +$300 still holding some
$RGRX .255 nice chart  +$37
$ELRA .088 - continued it's move up however once I saw WDCO on the offer selling hard I bailed for +$380
$SMME .185 still holding
$PGLC .40 -$35 not sold all
$ACTL 3.18 still holding
$IMSC .81 still holding
$AZRH 1.89 +$31 had to free some funds
$IMMY 7.80 -$238 will try to avoid getting stuck in an illiquid stock like that short o/n ...
$ECSL 1.4 -$91

Longs: 2/2 +$225

$GSAT 1.93 potentially for a swing; sold half 1.99 when it looked like it was failing at 2, rest at 2.06 when a certain newsletter released it as their pick for +$140

$SAFS +$85 great alert on IU OTC chat
$FITX .059 for gapper
$CTIX at 2.01 - if it holds 2 i like it for a swing and potentially 2.10 break


Grinders: 0/1 -$8

$GRNH on pot sector popping again .4625 risk .45 target 48 -$8 wasnt overly keen on it



Shorts: 8/10 +$336


$HZNP +$94 

$ORMP +$46 patience paid off - using wider stops helped

wow it dropped another 2 bucks



$FELX -$31 got too scared and didnt use wide enough stops 

$FLEX again at 8.35 had to be patient with it, when it couldnt break previous high new it was a winner, covered 8.27 and 8.21 for +$80 nice covers too as it bounced off that  8.21 level; 

$ZGNX very tight stop -too close to hod but looks like 4.65 is not going to get breached; guess r/r isn't really great here

took half off 4.62 and rest there too ... not really worth the risk of nhod +$8

$GERN tight stop here too, looking for snap back to 5, risk is it's basing at 5.10 and will pop

out for -$13 didnt like the setup enough, might revisit on a pop - good call it did pop
$ZGNX trying again
 +$19 got out on that curl

well actually there was no reason to cover unless a 4.60 o/u ... oh well at least the idea was solid ... next time

$VVTV 6.4 risk

a little bit of a perk - normally i'd cover here, thinking now i should give it a chance to break down and see if it's just a blip

blah, got out for +$15 looked like it was basing

$AERO just went nuts, tried 8.80s didnt fill, chased it down and filled just 100 shares at 6.70s covered 6.11 +$61

$LIQT trying real small as it's close to hod
 covered half here at 2.62

and rest here at 2.57 +$47


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