Trade Ideas Update

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Out of the 33 positions on the books, 21 have already hit 1x and most are confirming this move through an ongoing trend. In fact, it’s probably not a surprise that most are extended and long over due for a pullback. Going through the open positions I wanted to bring to your attention stocks that have not yet broken and still remain ‘trade-worthy.’

arrs_12-8-16 crh_12-8-16 form_12-8-16 ipgp_12-8-16 psmt_12-8-16 pypl_12-8-16 tasr_12-8-16 vmc_12-8-16

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LNN hits 1x

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LNN hit 1x so I have sold half and raised my stop to break even. $78.66.

Original buy post HERE.

Click to enlarge

lnn_12-7-16

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ARRS new position

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Since being stopped out of ARRS on the earnings slam HERE┬áthe stock has slowly improved and is now trying to break once again out of the consolidation area. What intrigues me so much about this is that I’m sure I’m not the only one who got stopped out so now it looks like a ‘shake-pre-break’ and may run here. Since my partial sale in SQ this morning only gave me around $3k in cash, I’ve decided to cut some names that have just been meandering in the portfolio and add the ARRS.

I went ahead and cut both OIIM and CTRV for small losses. With proceeds from all I bought 220 shares of ARRS.

Price: 29.78
Stop: 27.50
Risk: 2.28
Shares: 220
Total Risk: $501.60

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arrs_12-7-16

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SQ 1x

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SQ has hit 1x at $13.66. I have sold half of my shares and moved stop to break even. Original entry post HERE.

 

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