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.
NOG closed, AEM stopped – 100% cash
Open Position Notes:
No open positions – 100% cash.
Closed Positions:
NOG pulled back sharply today, hitting my raised stop for the 2nd half of my position (already had booked 1/2 profits at Target 1 last week). The 2nd half took me out at breakeven, and when averaged with last week’s gains it gave me a 3.5% profit on the overall trade. I’m pleased with that considering the market weakness and the abrupt change of character in this stock. I’ll leave it alone for now until it stabilizes and sets up for another play.
AEM continued its pullback today to hit my stop loss, taking me out for a 2.7% loss. This one triggered and then returned quickly to its base, which I noted last week was not a positive indication. While it may be able to stabilize and turn back up, I’m not going to stick around. If it sets up for another play, I’ll take it then, but for now this is a stock that seems stuck in its base and therefore needs more time before it’s ready to go higher.
