Weekly Update 2/22/2014

Hi guys.  This week I sold EQT and WHZ.  EQT was very profitable but was acting a too little sluggish for me.  A warning sign perhaps, or just some consolidation after a great move.  It still looks relatively good and I may jump back in.  The MACD stalled a little on the daily and there was a “bearish shooting star.”  My purchase this week was QCOR.  Now, QCOR is not for the faint of heart.  It is a very volatile stock.  But, earnings this week on Tuesday (I believe after the bell), and 25% short float.  With a good showing, QCOR could trigger a massive short squeeze propelling it much much higher.  But, of course if the showing is bad things could get ugly quick.  A read of the chart though suggests a huge run coming because as I have marked, QCOR has broken out on both the daily and weekly charts and held the level.  This would be a pivot point and I think a good spot for me to buy, which I did.  Good luck 🙂

Update for week of 2/10-14

Hi guys.  Looks like Mr. Market wanted to resolve upwards.  Anyway, how about that beautiful breakout in EQT?  What a beauty -broke out on both the daily and weekly.  I am maintaining the course on this one as there is no reason to sell here.  Just let it run.  Plus it went ex-div this week too.  A nice little bonus 😉  I also bought some WHZ but that was more for the $.65 dividend.  EQT is my biggest position at the moment.  That divergence was spot-on so far and EQT looks poised for a huge move.  Here is the weekly chart- I drew the base area which is between the red and green lines.  On a break of the green line I drew, you get a breakout.   Next week should confirm the move.

 

 

Week 6 Update

Sorry guys, got busy with a case, still in trial.  Will try to be better updating.  This market is not too good right now, I would say cash is king.  I liquidated my position in BLUE.  New pick is EQT – but I’d be weary about buying anything in this market until it resolves to one side or the other.  I will update my numbers soon, find my chart attached.  I bought on the breakout – I am looking for at least a 20 percent move on this one – notice the very bullish MACD divergence noted.

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Week 4 Update

Well, how about that FB fake out.  That headfake got me yesterday, but today the gap up was quickly closed, which equates to me with a failed breakout attempt.  I will look to buy some more if the breakout holds next time it tries.  Quick stop was hit once that gap up today closed.  I added to my position in BLUE which looks poised to keep running to mid-30s and higher but we will see.  Be careful, it is a thin-low floater.  I now hold 1,200 shares.  $24.80 or so should hold as new support, and if it does we move much higher in my opinion. 

-Brad

 

 

Week 3 and New Buys for Week 4

Hi guys, sorry for the late update.  I was out of town in beautiful Scottsdale, AZ, just got back to Chicago yesterday afternoon.  Wow, crazy how a couple of hours means an almost 70 degree difference in weather.  I also caught a cold which is no fun.  Anyways, last week’s numbers will have to be calculated at a different time, suffice it to say I will use the numbers from today to count as last week’s.

Account value as of close of today: $12,922.  This means a $772 gain so far this month.

So, today I sold GILD, my buy last week at a decent profit.  I bought the GILD breakout at $77.88, only 155 shares.  Today, I sold the 155 shares at $81.07.  I made a decent profit of $486.55.  Now you might be asking, doesn’t that go against your rules of holding winners and letting them run?  Well, you would be correct but I saw a much better opportunity brewing in FB.  Technically, there was really no reason to sell GILD, I just decided to move the money into a different stock.

This takes us to FB. I bought 190 shares of FB today at market, getting filled at a price of 58.2899.  Here is what I saw and why I bought:

As you can see I am looking for a Triple Top Breakout –  we had a great move today, and it looks like this will continue, probably a runner until earnings.  Only time will tell.

I also added to my holdings in BLUE, I added 50 shares at 23.77.

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Week 2-Update

Well, quick update.  My stops triggered in IDRA.  Looks like it wasn’t ready to break out yet, that headfake to 5.55 was a real bummer.  I still think it will break out, just not yet.  I ended up selling out of my position; preservation of capital.  I can always get back in.

I did make two buys, hopefully I didn’t have “itchy fingers.”  But, I saw opportunity and I pounced.  From the charts you can clearly see a nice breakout on BLUE and GILD.  I bought the breakouts and expect much higher prices from both – decent sized bases.  But, as always, I must be ready to cut my losses on a dime – no hesitation.  It is quite the tight-rope between hoping and cutting the losses but a journey that I hope gets easier with expereince.  I will be out of town this weekend, but if I can find a computer (and some time), I will update my weekly numbers.  Until then, best wishes. -Brad

Week 2.1 – Continued

Today, i purchased shares near what I calculated as support in IDRA.  This support level ultimately gave way, after a long battle, to lower prices and my second calculated support level of about 4.77 which held strong.  Expected outcome is a higher prices, with tests at 4.90, 5.10, 5.29 and ultimately 5.55 which will be very strong resistance.  Depending on the action I will look to sell there.  -Brad

Week 2.1 – Sold IDRA

Hi Guys, so I don’t forget my reasoning and can look back at it (as well as you guys):  IDRA rebounded nicely today, as I suspected it might.  But, once again could not break through 5.55 level resistance.  This is concerning short term and alerted me that profit taking may be in order.  I got out near the bell when I saw we were not going to test 5.55 again today.  I took profits at 5.00.  The market looked weak overall.  We will see if I get back in tomorrow or hold off for some better spots to add.  -Brad

Account value: $14,391.69

Week 2 – A Matter of Perspective

I will be back here tomorrow or Sunday, but quick update is this week my paper gain/loss was a loss of $1,543.  So ostensibly I missed my weekly goal.  But, I do not consider this a loss per se.  I consider that tuition money at worst.  But, the reality is that it’s a paper loss – that is it is not an actual amount of money lost.

That said, this fund’s biggest holding -IDRA remains just that. I remain bullish on it, and rather than taking my profits earlier in the week, and book my weekly goal, i decided to hold strong and take the paper loss.  Only time will prove me right or wrong.  There is obviously a divergence between the MACD on the weekly and the price action for this week.  Furthermore, the daily is out of sync with the uptrend as seen in the weekly MACD.  If anything, this sets up a new buy signal trigger waiting for confirmation.  My take: MMs ran stops as this is a low float bio and big funds want to accumulate.  That is how they get shares, they shake out “weak hands.”  More to come as I have time to analyze my week.  As usual, all the best! Brad

 

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Week 1 (2 days…) 2014 – Goal Portfolio Update

Hi Guys, so calculated that I need to compound a return of about 25 percent per month in order to turn this portfolio into $100K.  As a note of semantics, the account where this portfolio is located is the actual item we want to reach $100K.  I do not want to necessarily call it a “portfolio” as a portfolio does not include funds that are not invested.  So, we are referring to the account value as a total when I say I want to turn this goal portfolio into 100K. As a smart investor, there is no need to be fully invested at certain times and vice versa. Likewise, I will not always use margin, but I will use it in a strategic way when I feel necessary.

Anyway, January’s minimum goal is $3,037.50 (I will round up for simplicity).  Obviously, this presents a sort of dilemma, as we known winners should run.  So, do you book the gains at the minimum amounts or do you let your winners run?  This is a tightrope I will walk as I watch the portfolio/account progress.

This week, I could have booked gains of over $2,000 but I am letting my winners run and moving my stops up – trailing stops.  I am not employing electronic stops when I am able to monitor the action.  But, I will use electronic stops when I am unable to watch my positions (For example, when I have to go to court, etc).  Anyway here you go:

Goal: $100,000, Month 1 (January) Goal: $3,038, Account goal total: $15,188

Unrealized numbers after week 1 (2 days): $1,590, Account (remember, this number will be different than my gains etc because at any time my percentage invested is changing) : $14,395

Feel free to send feedback and share your success stories! Best of luck for the week! -Brad

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