White Tip Shark
Winners
FXP ( +0.82% @ 88.45, bought at 87.67)
ACH ( +1.45% @ 21.63)
SKF ( +4.80% @ 125.40, short at 132)
DUG +10.30% @ 33.24 short at 37.14
PCX (+5.89% @ 57.02 bought at 53.85
CLR (+27.33% @ 54.50, bought at 42.80 -partial
GMXR +18.52% @ 69.57, bought at 58.21 -partial
FXP ( +9.00% at 94.62, bought at 86.79) – partial complete
SKF ( +14.57% at 125.70, bought at 109.71)
FXP ( +21.01% @ 91.76, bought at 75.78 ) – partial
GG ( +11.01% @ 33.10, bought at 29.79)
SKF ( +16.45% @ 127.60, bought at 109.71)
HK ( +8.15% at 28.70, bought at 26.51) -partial
FXP ( +20.01% at 89.0, bought at 74.11) -partial
HK ( +7.20% at 28.42, bought at 26.52) -partial completed
GMXR ( +6.51% at 62.02, bought at 58.22) -partial
BABY ( +6.56% at 24.7, bought at 23.18)
PCX ( +6.13% at 110.12, bought at 103.68)
FCX ( +11.21% at 87.33, bought at 78.52)
Losers
NCTY ( -1.40% @ 18.97, bought at 19.24)
ICE ( -3.12% @ 85.40, bought at 88.15)
IPI ( -14.50% at 47.70, short at 42.24) -partial
WIRE ( -1.57% at 18.79, short at 19.09)
ZNH -4.09% @ 15.96 bought at 16.63
BOH ( –3.21 @ 52.09, short at 50.46)
AFAM ( -13.00% at 43.30, shorted at 38.20)
BOH ( -7.50% @ 54.41, short at 50.46) -partial
APWR ( -19.20% at 20.44, bought at 25.20) -partial
HK ( -9.05% at 28.50 bought at 31.96) – partial and completed
Trader notes:
Not bad for a low volume nonsense month! Actually, I thinned out a lot of my trading in the final 2 weeks of August. There just weren’t enough “swells” to catch a good momentum play. Anyway, I’m starting to post my “Big Wave Index”, which is basically the momentum stocks I track every week all month long until the wave is done.
A-Power Energy Generation Systems, Ltd. [[apwr]] was the worst stock I had. But it was only at 1/5 of position size. Intrepid Potash, Inc. [[ipi]] short was another major loser, but it was actually a hedge since I was heavily long GMXR and CLR (those two have punished me so far in September!)
August saw a lot of “melting up”, so be careful with getting long these stocks. Look for breakdowns and short them. So far I gave you a pretty good one, MercadoLibre, Inc. [[meli]] , which should get a new low soon. Also try shorting some drybulks this month, and .com retailers.
With voluming picking back up in September, I am starting to enter bigger positions on my trades.
I exceded my goal for August, aiming for 5-7% return, but I got around 8% return. But so far in September, the implosion of energy stocks has wiped out about half of that! What a way to start off the month. 🙁
Hey, money moves from hand to hand! That’s just how the game is played. Just make sure not that much leaves yours.
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