FORM add

Posted by

I’m adding to my existing position in FORM here. I like the $10.00 level as a clear pivot / stop area. If I were to add a full position here at $11.58 with a stop at $10.00 my share count would be 316 to have a risk of 50bps or $500.00. Since I came into the day with 164 shares I’ve gone ahead and added an additional 152 shares.

My adjusted basis is now $11.50 for a $1.50 risk on 316 shares. My risk on the trade is right around $474.00.

Click to enlarge.

Read More

SCCO 1x

Posted by

SCCO has hit 1x this morning. I have sold half my shares and moved my stop to break even. My original entry was HERE.

Click to enlarge.

Read More

A Deep Look at VECO

Posted by

While I have no idea if this turns into a monster or not, it’s worth dissecting a bit for the education alone. I first entered VECO on October 24th with the post HERE.  The stock is now pulling back and it will be interesting to see if a new pivot develops. What I like most about this stock is reviewing the longer term time frames through multiple charts.

This is a look at what first attracted me to the name. The bottom, with appropriate MA alignment suggest the stock may be ready for a break. Click to enlarge.

Backing out the chart further you  can see where a logical, major point of resistance would be. Just reaching this descending trend would be a decent winner. Click to enlarge.

When you back out the chart even further you see how far this trend line goes back. Should we finally see a break of a super trend line it may be ready to attack 2010 highs and possibly new highs over time. We shall see. Click to enlarge.

Read More

Weekend Update

Posted by

The portfolio gained 1.94% this week while the S&P was just about flat. For the year the portfolio is now up 4.10% and 19.52% since inception.

I’m traveling for my son’s swim meet this weekend so a video will be coming on Monday. Below are my favorite setups that are currently buys in the portfolio.

Click to enlarge

 

Read More