Trading 2/29/16

9:33

This morning, AMC corp is up big due to an earnings beat, which was reported before the market open. It’s now up almost 10% since I’ve bought it (last Wednesday), so I am going to sell at the market. I will have this week’s trades posted later today.

10:23

Looks like investors weren’t pleased with ENDP’s earnings report this morning, despite their earnings and revenues both beating expectations for the 4th quarter of 2015. It seems to be the large increase in their debt level due to recent acquisitions that have investors fleeing the stock. Since it’s dropped so much, it looks like a good place to cover. So, I am covering shares of ENDP at the market.

10:51

As the market is pretty flat today, there are not many new positions that I am adding. I will also be adding some commodity/currency trades for the month of March tomorrow. Here is what I am buying and selling today; they are all short-term positions, so I plan on holding them for 2 weeks max. Also, I am placing 10% stop losses on each one:

Buying at the market:

BioMarin Pharmaceutical (BMRN), Tupperware (TUP), Cambrex Corp (CBM), Angie’s List (ANGI)

 

Shorting at the mrket:

Bank of America (BAC), EOG Resources (EOG), EQT Corp (EQT), Cimarex Energy (XEC)

3:04

With the market falling this afternoon, I am going to take some profits in a couple long positions. Brookfield Infrastructure Partners (BIP) and Nvidia (NVDA) are both up around 5%, and I’ve been holding onto them for a week and a half, which is a good amount into my investment horizon for short term positions.

I am selling BIP and NVDA at the market.

3:50

One more sell to close out the day with a gain: KOS is up about 6% since I bought it on Friday, while the market has been pretty much flat. Locking in gains is always good, especially with a stock like that with big intraday price swings. Selling KOS at the market

2/26/16 Trades

9:35:

To start off the day, I am selling Canadian Solar (CSIQ), which is up about 10% since I bought it on Monday. Not a bad weekly return. I will have a replacement for it soon and will post when I find one.

 

10:19

More Buys:

A few stocks showing some momentum right now are:

Baker Hughes (BHI)

The Mosaic Company (MOS)

MGIC Investment Corp (MTG)

Kosmos Energy (KOS)

I am buying BHI, MOS, MTG, KOS at the market

 

11:10

I am taking profits in RAX, as it is up about 10% today so far. Will have a couple additions to my long positions soon.

 

11:29

My focus today is adding more long positions to trade with the overall market rally. Right now, I have more short positions than long, and if the market climbs higher (I think it may hit 202-204 range), I want to be prepared. So I am adding the following to my long positions:

Radian Group (RDN)

Hilltop Holdings (HTH)

Tortoise Infrastructure (TYG)

Visteon Corporation (VC)

 

11:37

And if the market rallies, most, if not all, gains on short positions will go down or be lost entirely. So I think it makes sense to cover my top short position right now. ALXN is down about 5% since I shorted it, despite the overall market moving up.

I am covering Alexion Pharmaceuticals (ALXN) at the market

 

More Sell Alerts

It looks like the rally may be coming to an end for some of my long positions, so I am going to sell them and replace them with better alternatives.

Here are the stocks that I am getting sell alerts on, which I will sell at the market:

FIZZ, PRAH, DY

FIZZ and PRAH are both about 3-5% in the green in my 2 days of holding, while PRAH lagged behind about 5% and is down about 7% today. Overall, the sales will result in a gain, which is the obvious goal.

Here are the stocks that I am replacing them with. If the market decides to run a little, these can be expected to outperform with their current momentum:

Box (BOX), Balchem Corp (BCPC), Amc Entertainment (AMC), Intrexon Corp (XON), The AES Corp (AES)

Sell Signals

I am also selling the following due to the sell signals that I have received on the stocks:

WPZ, PAA, MU, LGND

For all but WPZ, this is good for cutting losses. MU was by far the worst of the group, with about an 8% loss.

A Few More Trades

With the current state of the market, I am going to add some more short positions, hedged with a couple more long trades, but not as many. Just as a risk-reducer.

Here is the reason that I am adding more shorts today. With the way things are going, it won’t be long before I’m stopped out of a few of my current short term long trades. Just in case that does happen, I want to have some gains mixed in there, too. The best way to do that? Shorting weak stocks with downward momentum. Pretty simple.

Here are some that don’t look too promising for the near future:

Tesla (TSLA), Jd.com (JD), Mobileye (MBLY), Tesoro (TSO)

And for the long hedges:

Under Armour (UA), Tyco (TYC)

Here’s what I am doing:

I am shorting TSLA, JD, MBLY, and TSO at the market.

I am buying UA, TYC at the market.

 

Trades This Morning

The stock market is down again this morning, most likely due to falling oil prices, which failed to break $33/barrel. At this rate, they could be headed to the low to mid $20’s range within a few months.

A couple of the stocks in my short list have fallen quite a bit over the past 2 days, and it’s time to cover them. The ones I am referring to are Bitauto (BITA) and Terex Corp (TEX). These stocks are down about 8-9% over the past two days, which is awesome when you’re short.

Unfortunately, I was stopped out of Avis (CAR) due to missed quarterly revenue and bad forward guidance (which has been the case with a ton of stocks recently), but thankfully the stop loss prevented further losses, and the stock is down another 5% since then. CAR was sold from the portfolio at a 15% loss at $25.07.

I am covering Bitauto (BITA) and Terex (TEX) at the market.

Sell Day Trades

Yesterday at the close, I bought 4 stocks to hold overnight that I hoped would carry some momentum into this morning. I am looking to sell them around the time of the open this morning, and the results will be posted in the closed portfolio once the trades are executed.

I am selling FREE, INAP, XNY, AND EVLV at the market on the open.

Covering Anacor Pharma

Not much time left till the market closes, and as usual, I’d rather close now and lock in profits. Covering Anacor (ANAC) after the stock plummeted 11% today. Luckily, I was on the winning side of this one.

I am covering Anacor Pharmaceuticals (ANAC) at the market.

Overnight Momentum Trades

I have gotten a few signals to buy small and micro cap stocks that have been due for a bounce, and finally gathered the momentum to do so. These go under my “Day Trade” category because I typically will just hold them overnight and sell them first thing the following day. It is 100% based on catching a very short term momentum bounce due to being so oversold. The stocks are:

FreeSeas (FREE)

Internap Corporation (INAP)

China Xiniya Fashion Ltd. (XNY)

EVINE Live Inc (EVLV)

I am buying these at today’s close, so my entry prices are going to be today’s closing prices.

Sell GameStop

Once again, seasonality has come through for me. GameStop (GME) is up again today, even though the market is down about 1% overall. I think this is a good point to sell, given the stock’s long term downtrend.

This stock was just one of 2 seasonal plays that I had going (although there will be some more of that this week), the other stock being Activision, which was sold this morning for a 7.5% gain. GameStop is hovering around 6-6.5%, so overall the seasonality plays yielded about 7% in just one week. To put that in perspective, the S&P 500 is only up about 1.7% in that time frame. And I’m all about outperforming.

I am selling GameStop (GME) at the market.