I think there's a lot of runway ahead so I'll bite the bullet and still buy. I mentioned the name yesterday so others could get in ahead of me - I hope they did.
Trimmed 1/3rd FATN @ 11.70 to get it back down to equal weighting portfolio (because with the run in last 3 days it had gotten quite large)
I still don't have a valuation in my head for what this company is ultimately worth, so I won't "let it run" for now. I was tempted to sell it all but there's still potential for more gains just due to low float/good sector mostly.
I'm sorry the market was wrong about the ZENV ahead of earnings. It did look like a promising setup, and my conspiracy theory is that for small non-US stocks there is usually some leaks about the news, but clearly that wasn't the case this time :(
I had some buying power in trading accounts yesterday so I at least picked up some LFMD call options (June 10s @ 0.70), but the retirement account would have appreciated the 15% pop from yesterday morning...
My best trading idea at the moment remains LFMD still I think, but RZLV seems to have a pretty good setup.
I can't wait for the 1-day restriction to lift. I assume I violated a settled funds purchase during some random non-settlement day in the markets, but I never got a message or email to that effect. Maybe it is just a general change the brokerage made - I should probably call and ask but customer service tends to get confused easily with questions very specific to trading...
The stock that drew the short straw, I couldn't articulate to myself a specific catalyst that would drive outsized opportunity from here, so it gets cut for a name I'll buy on Monday.
Hi Saleem,
ReplyDeleteNice run on SMCI! Good luck on next :)
P.S. I had mornings errands and missed the LFMD run :( The 1-day clearing restriction has definitely hurt...15% this time.
Stocktrader
Stocktrader
Hi Stocktrader,
ReplyDeleteTry to refocus on next pick…
Added 25% ABX.TO @ $24.56
Saleem
HI Saleem,
ReplyDeleteSigh...
Bought LFMD @ 10.80
I think there's a lot of runway ahead so I'll bite the bullet and still buy. I mentioned the name yesterday so others could get in ahead of me - I hope they did.
Stocktrader
Hi Saleem,
ReplyDeleteGood luck with more ABX! Gold is resting but still seems like a good idea to me for various reasons including world govt budget problems.
Stocktrader
Hi Saleem,
ReplyDeleteTrimmed 1/3rd FATN @ 11.70 to get it back down to equal weighting portfolio (because with the run in last 3 days it had gotten quite large)
I still don't have a valuation in my head for what this company is ultimately worth, so I won't "let it run" for now. I was tempted to sell it all but there's still potential for more gains just due to low float/good sector mostly.
Stocktrader
Hi Stocktrader,
ReplyDeleteGood luck with LFMD.....
Nice to trim & book profit.....
About ABX...Gold IS down but ABX.TO is UP....
Saleem
Hi Stocktrader,
ReplyDeleteI didn't buy LFMD yesterday. Was hoping to sell ZENV today with a good earnings to buy LFMD but that's not the case :-(
Simon
Hi Simon,
ReplyDeleteI'm sorry the market was wrong about the ZENV ahead of earnings. It did look like a promising setup, and my conspiracy theory is that for small non-US stocks there is usually some leaks about the news, but clearly that wasn't the case this time :(
Stocktrader
Hi Simon,
ReplyDeleteI had some buying power in trading accounts yesterday so I at least picked up some LFMD call options (June 10s @ 0.70), but the retirement account would have appreciated the 15% pop from yesterday morning...
My best trading idea at the moment remains LFMD still I think, but RZLV seems to have a pretty good setup.
Stocktrader
Hi Stocktrader,
ReplyDeleteJust be positive and not look back 😊
Hi Stocktrader,
ReplyDeleteThank you for RZLV & LFMD recommendation..
Simon
Hi Saleem,
ReplyDeleteI will probably sell something today near close to make room on Monday for an old name with a fresh thesis I have.
Stocktrader
Hi Stocktrader,
DeleteNice to see rapid forward planning, which current stock market requires....
Good luck with better & profitable ideas....
Saleem
I can't wait for the 1-day restriction to lift. I assume I violated a settled funds purchase during some random non-settlement day in the markets, but I never got a message or email to that effect. Maybe it is just a general change the brokerage made - I should probably call and ask but customer service tends to get confused easily with questions very specific to trading...
DeleteHi Saleem,
ReplyDeleteSold CVLT @ 177.75
The stock that drew the short straw, I couldn't articulate to myself a specific catalyst that would drive outsized opportunity from here, so it gets cut for a name I'll buy on Monday.
Stocktrader