14 March 2017

Pending Trades:

Limit Sell 297 shares of CORE @ $33.74 (0%)

Limit Sell 217 shares of RRC @ $29.10 (5%)

Purchases:

N/A

Sells:

N/A

Thoughts:

This portfolio is about as strong as they come; please be patient through March. We are well diversified and have quality stocks. Think of fishing; it's not called "catching" for a reason. If everyday you woke up to massive gains, everyone would do this and there would be no stock market. We are in a good place. We will maintain this opinion through the federal interest rate hike, which will affect the market. Have faith, be patient.

VSTM - Sold @ $1.39. Desired re-entry @ $1.30. Target Price $2.50

MGNX - Systematic investing. 5% and out. Target Price $30.00

**UPDATE** MGNX is a clinical stage pharmaceutical that has found it's floor and should pick up serious traction sometime this year. It essentially floats between $19-$21...so there's some room to work around that price with buying low, selling high. Could easily be trading @ $40 sometime this year.

CORE - Pending trade

AA - Systematic investing. 5% and out.

AUO - Systematic investing. 5% and out.

RES - Systematic investing. 5% and out.

ACET - Systematic investing. 5% and out.

HK - Systematic investing. 5% and out.

RRC - Systematic investing. 5% and out.

LONE - Systematic investing. 5% and out.

**UPDATE** This stock is only under preforming because oil prices went down. Don't panic...ride the wave...it might be a little long that we wanted, but don't sell out early.

MDR - Systematic investing. 5% and out.

HCLP - Systematic investing. 5% and out.

**UPDATE** This stock is only under preforming because oil prices went down. Don't panic...ride the wave...it might be a little long that we wanted, but don't sell out early.

IPXL - Monitoring for sub $8.50 price; probably won't happen.

UA - We still really like the position of UA for a gain, but we felt like we could sell on this, purchase something else, and return to UA at a cheaper price than $19.03 which would be a double win.

CAB - We aren't in business of fighting with stocks or pride; we sold because CAB mostly likely isn't going to do anything positive for the next two months. If we can get a re-entry of 191 shares @ a price below $47.70, it's a win. Monitoring. First loss of the year.

USB - Sold @ $53.60. Need re-entry below to make it make sense. Target Price $70.00

CNAT - Monitoring for future.

DRYS - Beware of this stock. Monitoring for future.

SHOP - Sold @ $54.48. Need re-entry below to make it make sense. Target Price $65.00

NFX - Position has improved, but broker rating has dropped. Monitoring. Most likely will fall off watchlist.

TRVN - Looks good. Monitoring. Favorite stock going into tomorrow.

SSW - The whole shipping industry is suffering as a whole right now, but when, not if, it recovers Seaspan will once again lead the pack. Still a little risky at the moment. Monitoring.

James PauleyComment