After getting up and observing the flatness, I went back to bed to take a nap, as I feel like I’ve been tossed down a mountainside. The market is being finicky here, with small dark pools of volume. This is what I am looking to trade. I am up very nicely so far in 2013, but I don’t want to press my luck, thus I am looking for quick swings for a few percent, here and there.
After running some screens and looking at some seasonality, I found some names to watch, and also made some moves.
PMT stop at $25.00
BEN stop at $149.50
MGA stop at $57.00 (Here’s EM’s take on the name)
BCOV stop to cover at $7.00
NFLX raising cost basis to $146.095
All the names I am interested in
ILMN BCOV BWLD IMAX MGA MX WLL BEN REXX PMT
Trying to stand toe-to-toe here is silly, move your head, feint, and pick your shots. There will be plenty of time to swing for the fences.