I have been lucky enough to have been caught holding $LITB, $PLUG, $UNXL today and still have a few decent winners over the last few weeks to navigate out of. I’d prefer to milk them for more, to be honest, but I want to lock in many of them this month so I can point my efforts in a new and fresh perspective coming out of the summer.
I have a few positions on that will require strength post earnings to meet price targets: GRPN, GLUU, FSLR and MCP. These are stocks where I feel the risk is to the upside as opposed to the downside. In other words, greater than 5-to-1 Risk/Reward plays, based on structure, short interest, and trading activity this year. It is important to note, I am not betting the world here. Trading size is the same as always to avoid massive drawdowns.
The remainder of my trades, stocks like VMW, BKS, DDD, and RKUS are just waiting for an alignment of conditions to produce profits. The name of the game is to patiently wait for patterns to unfold, and manage risk against a flawed plan.
In the meantime, I bought more AAPL today and am strongly considering a long in $P.
OA
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Mean move in appl, my weekly calls just got crushed big time
I bought AAPL more today also, since my original yesterday’s entry was not good timing. Did you buy stocks or option ?
Also, what % of your portfolio is in FSLR? Thanks OA.
Oa, thoughts on znga??
Ooogly chart here.
Thanks for some great comments, OA!
If you don’t mind suffering a repeat question, which in the above list would you still buy today? I will buy GLUU, BKS, and RKUS, if they are down tomorrow, if you are taking sentiment.
Out
Out of all my positions?
Took down $P Aug 20 calls here into the close. #whynot
No, still have some RKUS, ROSG, ONVO, CPSS, ALLT, NDLS, SIFY, ETRM, CVRR & sept calls: JCP, X
Which would you buy or dump tomorrow?
Thanks,
Out
I wouldn’t do much here. You have some decent names.
FSLR missed and down hard AH. What is your plan, buy more or take loss ?
My plan, sit tight.
Thanks OA. All my long term holdings doing horrible this earning season, KO MSFT MOS FSLR,,,. wait and see…
please let me know when you buy more FSLR, so I can follow you.