15 March 2017

Pending Trades:

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

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

Limit Sell 163 shares of AA @ $38.78 (5%)

Limit Sell 1270 shares of AUO @ $4.14 (5%)

Limit Sell 242 shares of RES @ $21.75 (5%)

Limit Sell 329 shares of ACET @ $16.14 (5%)

Limit Sell 367 shares of HCLP @ $17.45 (5%)

Limit Sell 901 shares of LONE @ $5.92 (5%)

Limit Sell 751 shares of MDR @ $7.03 (5%)

Purchases:

N/A

Sells:

N/A

Thoughts:

We hope that today was a good indicator of the strength of our portfolio.The quality is there, we just need to market and trading volume to follow. We're sitting pretty...still playing behind the ball a little bit and we're expecting a few more tough days in March. Be patient, hang in there, and trust the strategy. 

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 - We've rode the train long enough. It's not bad enough to take a loss, but we are settling in to breaking even and moving on. 

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 - We believe the ship has sailed; this stock has gained 5% twice since we added it to our watch list. It could happen again, but sometimes it's just not meant to be.

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.

AR - Outside of my normal strategy; great pick for a one year trade. Monitoring.

GLP - Great stock with not much upside. Monitoring for a cliff. Do not recommend at this time.

James PauleyComment