1 February 2017
Purchased 111 shares of TPX @ $43.94
Purchased 6 shares of TPX @ $43.82
Purchased 1861 shares of CEMP @ $3.10
Purchased 261 shares of UA @ $19.40
Purchased 204 shares of VSTM @ $1.28
Sold 420 shares of UEPS @ $12.49 for a 5.05% gain
Sold 117 shares of TPX @ $45.50 for a 3.57% gain
VSTM - We've decided to chase this stock to a conservative price of $2.50. When we say chase, we don't necessarily mean hold. My goal is to sell tomorrow for $1.30 - $1.35 and get back in around $1.27. The whole plan though needs to revolve around multiple transactions at 5% gains and consistently repurchases for less than your sell price.
SHOP - Sky is the limit. Long term trade. For now.
MGNX - Once this stock catches traction, should be able to sell out sometime around March for a 5% gain. Then we'll figure out what next. There's definitely a lot of money to be made here, but it hasn't been fruitful thus far.
CEMP - We're liking this stock less and less every day. There's nothing wrong with it, but it's kind of deviated from a typical pick for us. Would love to have the 5%, but current average stock price is $3.19; most likely will sell for small gain ($3.20-$3.30) tomorrow.
LMCA - Ticker change to FWONA. Systematic investing. 5% and out.
LCI - Reported slightly higher than expected earnings. No arguments from us. Should level out this week, maybe next and then we'll decide what's next.
USB - One year trade. $75-ish price target.