16 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 expected some pullback from the gains yesterday, but even when the market was down, our portfolio maintained a positive trend. It's been a slow month for transactions; AUO, ACET, and RRC are all positioned well and could go with a good day of volume movement. Again, we're not out of the woods until we are out of the woods. I'm expecting one or two more bad days this month. Don't get scared, don't get greedy; stick with the strategy and get the returns.

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

ed some 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.

James PauleyComment