Stock Swap: ACIA SA

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ACIA has been a thorn due to the missed opportunity at 1x. With the stock still trying to bottom, I’ve gone ahead and booked my shares here and will free up some space for a new name.

I continue to like what I’m seeing in the metal and mining space. We may be a bit early but I want to add a pure gold play and like SA as my favorite setup. I want to give the name enough room to move so I’ve set a stop at $9.20 which is below the recent pivot lows and have entered with a full risk position.

Entry: $11.78
Stop: $9.20
Shares: 385
Risk: $993.30

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New Trade BSFT

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I’ve spent considerable time going through charts this week. Specifically I’m looking for longer term trends that  may be worthy of starting in here. BSFT is one that interests me on the monthly time frame and I’ve gone ahead and started shares today. With a stop below the  most recent pivot of $33.80, I’ve started 92 shares at 44.65.

Entry: 44.65
Stop: 33.80
Shares: 92
Risk: $998.20

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TSLA 1x again

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As you may recall I added to my trending TSLA position back in July see  HERE. Today the stock hit 1x on that specific trade where I have sold 1/2 of my shares and raised stop to break even. This stock seems to be quite the battleground with strong opinions on both sides. It’s important for traders to remember to check emotions at the door and let us just ride the trend which is still very much intact.

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Portfolio Changes: GRUB, ACIA, VECO

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Good morning all. We’ve had quite a flurry of activity in the portfolio today with the net result being very little. The uptick in volatility has me a bit on edge and it’s very important to own thy risk in this environment.

On the open I cut half of my GRUB at 1x and will raise stop to break even.

I was stopped on remaining shares in VECO on this morning’s slam. My adjusted / raised stop on this long term winner was 27 and this gap was certainly much more than anticipated. I’m pleased to have still booked a healthy profit on this name with an original entry of $21.38 in October and partial profits along the way.

Finally, with the earnings out of the way and a subtle dip here I’ve remounted more ACIA. I still feel the cut was prudent ahead of EPS however with them out of the way I’m looking for this squeeze and bottom to continue. I added 100 shares at $46, which brings my adjusted basis to right around 45.50. My stop on the entire  position will be 41.80

We have a few others close to 1x and stops so stay tuned for more alerts.

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