22 March 2017

**UPDATE** Every stock on our watchlist will now be assigned one share @ the price of the day it was added to our watchlist. This will help us track it +/- from the date we started tracking it. If it only has one share we don't have any equity in it.


Pending Trades:

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

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

Limit Sell 1588 shares of AUO @ $4.13 (5%)

Limit Sell 296 shares of RES @ $21.30 (5%)

Limit Sell 392 shares of ACET @ $16.11 (5%)

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

Limit Sell 901 shares of MDR @ $7.00 (5%)

Limit Sell 357 shares of DNOW @ $17.69 (5%)

Limit Sell 1421 shares of TRVN @ $3.74 (5%)

Purchases:

N/A

Sells:

N/A

Thoughts:

To be honest, we expected today to be worse; thankfully it wasn't. That being said, be confident in our positions on these stocks. All of our trades are momentum seeking in nature but always have the integrity of 3Y-5Y investments. Ride the wave, we might not make all of our profits back before April, but we should be back into positive territory before too long. Trading will be slow, we'll begin to evaluate breaking even, if necessary on any of these positions next week. Unlikely, though.

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.

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.

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.

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

DNOW - Systematic investing. 5% and out.

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.

TRVN - Systematic investing. 5% and out.

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

ARMK - Solid. Monitoring. Most likely won't get purchased unless there is a drop.

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

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

CNAT - Monitoring for future.

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.

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.

DRYS - Beware of this stock. Monitoring for future.

James PauleyComment