btsvcs

Taiwan Semiconductor Adr – TSM

2020-06-01

This trade idea from my IBD Stock Screener in my review last night and I decided to pull the trigger

This first came on my radar when it was featured as #28 in IBD50 on Vol37 No 6 Week of May 08. 2020. Then TSM was featured on IBD Stocks on the Move on the 05/13 and 05/14. Currently it is #31 in IBD50 Vol 37 No 8. I am an Investor’s Business Daily guy and highly recommend all of their efforts

During my weekly review I had liked the charts and I decided on buying an In-The-Money Call Option just past earnings. If earnings get adjusted back this position is screwed\

I placed a Buy to Open Limit Order with the price split between the previous Bid/Ask spread. However it opened higher and did not get filled. I was nervous after lunch that I wouldn’t get filled

I cancelled the order and set the price .30 higher splitting the current Bid/Ask spread. I got filled at $2.80 with 2 contracts

IBD Rankings 06/01/20
Composite Rating: 95
EPS Rating: 89
RS Rating: 79
Group RS Rating: B+
SMR Rating: A
Acc/Dis Rating: D+
ROE: 20.9%
Debt: 2%
Outstanding Shares: 5186.1m
EPS Due Date: 07/16/20

From TD Ameritrade Quote Summary 06/01/20
P/E Ratio: 19.50
Ex-dividend date: 06/18/20

Zack’s has this as 1 – Strong Buy: TSM

Dr Alexander has a triple screen for viewing charts and Trading for a Living is why I use the following charts

TSM 5 Year Monthly from BigCharts 2020-63-01

TSM 2 Year Weekly from BigCharts 2020-06-01

TSM 3 Month Daily from BigCharts 2020-06-01

TSM 3 Month Daily from StockCharts 2020-06-01

Let me know what you think…

Docusign Inc – DOCU

docusign.com/

2019-01-14

This came to my attention when I was looking at the IBD Stocks on the Move. I had some room in my portfolio as part of my Risk Management. I saw this coming out of a base on strong volume. I opened a position the next morning

I bought on 2019-01-11 and I am currently at Day 2 for a 7 Trading Day Time Stop. The stock has sold off some, but the volume dried up

I did a quick check on the IBD Rankings. These are a little less than the classic CANSLIM method, but based on my reading of the market I was willing to risk the trade.

IBD Rankings 01/14/19
Composite Rating: 83
EPS Rating: 72
RS Rating: 75
Group RS Rating: A
SMR Rating: D
Acc/Dis Rating: C
ROE: 0%
Debt: 0%
Outstanding Shares: 165.2m
EPS Due Date: 2/26/19

Dr Alexander has a triple screen for viewing charts and Trading for a Living is why I use the following charts

DOCU 5 Year Monthly from Bigcharts 2019-01-14

DOCU 1 Year Weekly from Bigcharts 2019-01-14

DOCU 3 Month Daily from Bigcharts 2019-01-14

DOCU 3 Month Daily from StockCharts 2019-01-14

2019-01-31

I closed out my position this morning to lock in profits. The uptrend momentum looks like it is drying up and I expect a drop. I will still be watching this for a while. I got filled at $49.98

49.98 Close - 43.44 Bought = +$6.54 / 43.44 = +15% in 19 days

DOCU 3 Month Daily from StockCharts 2019-01-31

Denny’s Corporation – DENN

https://www.dennys.com/

2019-01-10

This trade idea came to my last year and I had been watching this for a few weeks. This was in Investors Business Daily Stocks on the Move Up in price on 2018-11-18 and I decided to put it on my watch list. It was then featured in IBD Weekly Stock Spotlight VOL 35 NO 38. I was looking for a good time to enter a position.

When screening stocks I'm focusing on stocks in the $20-40 range, because I buy in round lots in order to be able to sell a call against it - Covered Calls

I have been cautious with the current market conditions, but I am still testing the waters. I'm building up my portfolio slowly and I felt this was a good time to enter

I bought on 01/04 and I am at Trading Day 5 with a Time Stop of 7 days. If I buy a stock and it is not making me money by 7 days - it a sell.

I am setting my targets based on the charts instead of a hard percentage. This is a modification to my Trading Plan

I got filled at $16.66
-5% stop = $15.68
10% Target = $17.50

IBD Rankings 01/10/19
Composite Rating: 97
EPS Rating: 89
RS Rating: 95
Group RS Rating: B+
SMR Rating: N/A
Acc/Dis Rating: B+
ROE: 0%
Debt: 0%
Outstanding Shares: 62.6m
EPS Due Date: 2/11/19

Dr Alexander has a triple screen for viewing charts and Trading for a Living is why I use the following charts

DENN 5 Year Monthly from Bigcharts 2019-01-10

DENN 2 Year Weekly from Bigcharts 2019-01-10

DENN 3 Month Daily from Bigcharts 2019-01-10

DENN 3 Month Daily from StockCharts 2019-01-10

2019-01-27

I closed out the position Friday, because the momentum had been drying up and I wanted to lock in the first gains for this year. I got filled at $17.94

DENN 3 Month Daily from StockCharts 2019-01-27

Store Capital Corp – STOR

STORE Capital Corp - STOR

2018-12-16

Dividend stocks are doing well in this environment and this REIT came to my attention. It first popped up during my screening of Investor's Business Daily IBD Weekly VOL 35 NO 30 Week of October 29, 2018. It was Rank #45 in the IBD50

When screening stocks I'm focusing on stocks in the $20-40 range, because I buy in round lots in order to be able to sell a call against it - Covered Calls

I did not take action, because I was fully committed at the time. Then it appeared in the New High list on 2018-12-06. I bought the next morning within the first hour of trading

I bought on 12/07 and this is close to the Time Stop of 7 days. If I buy a stock and it is not making me money by 7 days it a sell. I have a slight gain and tomorrow is Day 7

I got filled at $30.69
-5% stop = $29.16
20% Target = $36.83

IBD Rankings 12/16/18
Composite Rating: 99
EPS Rating: 84
RS Rating: 94
Group RS Rating: A
SMR Rating: B
Acc/Dis Rating: A-
ROE: 5.7%
Debt: 82%
Outstanding Shares: 212.8m
EPS Due Date: 2/20/19

Dr Alexander has a triple screen for viewing charts and Trading for a Living is why I use the following charts

STOR 5 Year Monthly from Bigcharts 2018-12-16

STOR 2 Year Weekly from Bigcharts 2018-12-16

STOR 3 Month Daily from Bigcharts 2018-12-16

STOR 3 Month Daily from Stockcharts 2018-12-16

2018-12-17

Ticktock and stop. I hit my 7 day time stop and it started out as a small loss on the day. It ended up being a -3% loss by the end of the day. This now moves me completely in cash and with this type of market I'm thinking that's a good thing.

I have been stopped out of my past several trades and have had a string of losses. I'm feeling cautious and want to wait till I see a higher probability setup. Going to ease back into the market. I need to have some more successes to commit more

Here is the 3 Month chart from Stockcharts. Large red candle - ugh

STOR 3 Month Daily from Stockcharts 2018-12-17

Chefs Warehouse Holding -CHEF

2018-12-13

This trade idea came from scouring through IBD Weekly. When reading this I'm focusing on stocks in the $20-40 range, because I buy in round lots in order to be able to sell a call against it - Covered Calls

This first hit my radar in the Vol 35 NO.33 Week of November 19, 2018 issue where it was featured in Stock Spotlight. I did not take action, because I was committed in Twitter at the time.

Then it popped up again in the Stock Spotlight section of the Vol 35 NO 34 Week of November 26, 2018 and I was still pretty committed.

CHEF showed up again in the Vol 35 NO 35 Week of December 3, 2018 issue in the Stock Spotlight section

I bought on 12/03 and this hit a Time Stop. If I buy a stock and it is not making me money by 7 days it a sell. Yesterday I was down a 1-2% and I sold this morning

I got filled at $38.56
-5% stop = $36.63
20% Target = $42.27

IBD Rankings 12/13/18
Composite Rating: 95
EPS Rating: 75
RS Rating: 98
Group RS Rating: A+
SMR Rating: D
Acc/Dis Rating: B
ROE: 5.2%
Debt: 126%
Outstanding Shares: 30.0m
EPS Due Date: 2/18/19

Dr Alexander has a triple screen for viewing charts and Trading for a Living is why I use the following charts

CHEF 5 Year Monthly from Bigcharts 2018-12-13

CHEF 1 Year Daily from Bigcharts 2018-12-13

CHEF 3 Month Daily from Bigcharts 2018-12-13

CHEF 3 Month Daily Stockcharts 2018-12-13

Virtu Financial Inc Cl A – VIRT

Virtu Financial

virtu.com

2018-11-25

This trade idea came from Investor's Business Daily www.investors.com.
Vol 35. NO. 32 Week of November 12, 2018

This was featured in the Stocks on the Move section and I reviewed the article on the 15th. This was on my watch list and I bought on 19th.

I got filled at $26.53
-5% stop = $25.20
20% Target = $31.86

IBD Rankings 11/19/18
Composite Rating: 93
EPS Rating: 78
RS Rating: 92
Group RS Rating: B-
SMR Rating: A
Acc/Dis Rating: A+
ROE: 19.5%
Debt: 167%
Outstanding Shares: 107.0m

Dr Alexander has a triple screen for viewing charts and Trading for a Living is why I use the following charts

5 year monthly chart from bigcharts

VIRT 5 Year Monthly from Bigcharts 2018-11-19

1 year daily chart from Bigcharts

VIRT 1 Year Daily from Bigcharts 2018-11-19

3 month daily from Bighcharts.com

VIRT 3 Month Daily from Bigcharts 2018-11-19

3 month Daily from Stockcharts.com

VIRT 3 Month Daily from Stockcharts 2018-11-19

I am currently down in the position -4% and I'm watching this one close, because it is about to trip my stop. This had a large loss on very light volume and I am expecting a bounce. It may roll over and some warning signs

Stockcharts.com

Notes VIRT 3 Month Daily from Stockcharts 2018-11-19

2018-11-30

This had drifted down on light volume and then rolled over. I was stopped out and I got filled at $25.14. This is still on my watch list, but my timing was off

2018-12-27

I had kept this on a review list and this has been holding in an otherwise bad market. I noticed the price action and decided to by back into this stock

VIRT 3 Month Daily from Stockcharts 2018-12-27

I have changed my targets using more of the recent low for the stop and upside. I have a time stop of 7 trading days, because if this is not making me money by then I can move on

Cost $25.56

Stop $23.00

Target $30.00

2019-02-14

I closed out the position today, because I had seen a bad headline. This was getting close to my cost basis and I have not liked the way it has been trading. I wanted to be able to free up the cash to put to better use elsewhere

This was a frustrating trade, because I had held during earning reporting. The stock did nicely at earnings, but it hasn't responded well afterwards. I got filled at $25.76

25.76 - 25.56 = .20 /25.56 = +.07% since 12/07/18

VIRT 3 Month Daily from StockCharts 2019-02-14

Twitter Inc – TWTR

2018-10-31

This was in Investor’s Business Daily Stocks on the Move on 2018-20-25 and I bought 100 shars, because they had announced positive earnings. I had closed out VNDA and AMD and wanted to keep the cash active

I got filled at $31.65
-5% stop = $30.06
20% Target = $37.97

IBD Rankings today
Composite Rating: 98
EPS Rating: 99
RS Rating: 94
Group RS Rating: A-
SMR Rating: B
Acc/Dis Rating: B-
ROE: 6.8%
Debt: 34%
Outstanding Shares: 757.8m

Dr Alexander has a triple screen for viewing charts and Trading for a Living is why I use the following charts

5 year monthly chart from bigcharts

TWTR 5 Year Monthly from Bigcharts 2018-11-01

TWTR 1 Year Daily from Bigcharts 2018-11-01

TWTR 3 Month Daily from Bigcharts 2018-11-01

TWTR 3 Month Daily from Stockcharts 2018-11-01

2018-11-20

I closed out my position today, because the overall market has been negative and TWTR is carried along with this tech crash. I had been up and today all of the gains were gone and I got filled at a -3% loss $30.66

2018-11-29

I took another bite at the apple, because I had seen a large black candle. I thought this was a good time to buy – I was wrong

I bought at the open and was stopped out 1 hour later. I was looking for a bounce off of the 50 Day EMA, but it didn’t and it rolled over

Buy $32.35
Stop $30.82
Close $30.66

That was a quick loss

TWTR 3 Month Daily from Stockcharts 2018-11-30

Hormel Foods Co – HRL

2018-10-29

This company came to my attention by reviewing IBD’s Stocks on the move on 10/23/18. This had made a new high and it was under $40. I had room available in my portfolio for that.

I bought the next day within the opening hour. This traded down that day and day after and the day after. I was down 3.5% in 3 days and had considered on just closing out the position, but held till this morning. Today was a good day and made that back.

They have moved into “plant based” products and this is a $3.7 billion market. Zack’s had this industry group at the bottom 1%. So I’m not thinking this is going to shoot to the moon.

I got filled at: $42.43
-5% stop: $40.31
+20% Target: $50.92

IBD Rankings today
Composite Rating: 84
EPS Rating: 76
RS Rating: 94
Group RS Rating: D+
SMR Rating: B
Acc/Dis Rating: C
ROE: 18.1%
Debt: 5%
Outstanding Shares: 533.1m
EPS Due Date: 11/19/18

Dr Alexander has a triple screen for viewing charts and Trading for a Living is why I use the following charts

HRL 5 Year Monthly from Bigcharts 2018-10-29

HRL 1 Year Dailly from Bigcharts 2018-10-29

HRL 3 Month Dailly from Bigcharts 2018-10-29

HRL 3 Month Dailly from Stockcharts 2018-10-29

2018-11-20

I closed out my position today, because they are reporting earnings tomorrow. This had been increasing on lighter volume and that told me that a drop is due. See Accumulation/Distribution

I got filled at $45.74 at the open and locked in a gain. This will still be on my watch list for a while either way the earnings announcement goes

Vanda Pharmaceuticals – VNDA

2018-10-22

This trade idea came to me during my review of Investors Business Daily, IBD Weekly, VOL 35 NO. 29 Week of October 22, 2018. This was featured in the Stock Spotlight section. I had liked the chart pattern and researched a little further

I got filled at: $21.98
-5% stop: $20.88
+20% Target: $26.38

IBD Rankings today
Composite Rating: 95
EPS Rating: 76
RS Rating: 95
Group RS Rating: A
SMR Rating: D
Acc/Dis Rating: B
ROE: 0%
Debt: 0%
Outstanding Shares: 54.2m
EPS Due Date: 11/05/18

Dr Alexander has a triple screen for viewing charts and Trading for a Living is why I use the following charts

VNDA 5 Year Monthly from Bigcharts 2018-10-22

VNDA 1 Year Dailly from Bigcharts 2018-10-22

VNDA 3 Month Dailly from Bigcharts 2018-10-22

VNDA 3 Month Dailly from Stockcharts 2018-10-22

2018-10-24

I closed out of this position after lunch. The day was not working and I was already down about 1.6%.

I got filled at $20.75 and I am glad I sold when I did, because the rest of the day was worse. It closed at 20.00

VNDA 3 Month Dailly from Stockcharts 2018-10-24

Vici Properties Inc – VICI

Vici Properties Inc (VICI)

2018-10-15

This trade idea came from my review of the Investor’s Business Daily – IBD Weekly, VOL 35 N.O. 28 Week of October 15, 2018. This was ranked in IBD50 as #44

This company is a REIT and was considering on investing longer term money one of those. This morning I bought within the first hour of trading. I’m increasing my stop to -8%, because I’m not as concerned about the exact entry

I got filled at: $20.87
-8% stop: $19.20
+20% Target: $25.04

IBD Rankings today
Composite Rating: 97
EPS Rating: 98
RS Rating: 75
Group RS Rating: B-
SMR Rating: A
Acc/Dis Rating: C+
ROE: 1.8%
Debt: 102%
Outstanding Shares: 370.2m
EPS Due Date: 10/28/18

Dr Alexander has a triple screen for viewing charts and Trading for a Living is why I use the following charts

VICI 5 Year Monthly from Bigcharts 2018-10-15

VICI 1 Year Daily from Bigcharts 2018-10-15

VICI 3 Month Daily from Stockcharts 2018-10-15

2018-10-18

This morning I bought an additional 100 shares, because I liked the way it was trading. There was a good day yesterday on strong volume – about 2.5x’s.

I got filled at: $21.60
-8% stop: $20.52
+20% Target: $25.92

This raised my cost basis, but it is going the direction I wanted it to go and I’m averaging up. Adding to a losing position can destroy an account. I admit I’m wrong and move on

My average position numbers are:
Cost: $21.34
-8% stop: $19.36
+20% Target: $25.48

The MACD is still positive and the MACDH is about to cross the zero line

Here is the 3 month chart from Stockcharts

VICI 3 Month Daily from Stockcharts 2018-10-18

2018-12-11

I closed out the position today $21.22 at a loss of -$.01, because it was not performing correctly. There was an article a couple of days ago about this being a possible short candidate for hedge funds.

Here is the current 3 Month Chart from Stockcharts.com

VICI 3 Month Daily from Stockcharts 2018-12-11