The Hit List is a look at our current swing trading positions. Stocks we are already in have “triggered”, while those we are considering for plays have not triggered. Click post title to view print-friendly link.
No changes
Open Position Notes:
FMCN continued higher this morning, but did see some profit-taking which took it down from its best levels to finish down about 1% on the session. It was able to hold 1 cent above my raised stop, which keeps me long the stock and also validates my stop. I’ll stick with those same parameters heading into tomorrow, but it wouldn’t take much selling to check me out of this one. It has already been good to me, so I don’t plan on giving back much ground on the 2nd half of this position.
INFA hit its best levels today since triggering an entry, and volume improved slightly. It finished off its best levels of the day, but still in positive territory and in the green. I’m still awaiting stronger volume and some better momentum, but have already tightened my stop and will stick with my existing trade parameters heading into tomorrow.
Closed Positions:
No closed positions.
Jeff, nice exit on LEAP yesterday. Thanks not only for the 4.5% gain, but also for the money that you saved by aggressively moving up the stop to protect profits. LEAP turned hard to the downside today. If your stop had not been raised all of the profits would have been lost, and the end result would have been a loss on the trade. Nice trade management. This example would make a great trading lesson. Gary
Thanks Gary. Funny you mention that, it is already slated as this week’s Trading Lesson! Some good examples from that trade that we can learn from, so stay tuned. And thanks for your comment, glad you were able to participate in the profits.
Hi Jeff & Gary,
Gary you beat me to it – That was my thought too when we were stopped out the next day. Good call Jeff
Thank you Kim, hope you made some jingle today!