Sonic Corp (SONC)

2018-0912

This was in Investor’s Business Daily Stocks on the Move yesterday and I placed a limit order today at yesterday’s close. I have giving myself a time stop of 7 days. If this does not turn positive then I will sell. This is Day 1 and it wasn’t good, but I am still within the stop. Looking at the charts there should be support at 35, but that is below my 5%. We shall see…

I  got filled at:  $38.38
-5% stop:          $36.41
+20% Target:   $46.06

IBD Rankings today
Composite Rating: 81
EPS Rating: 83
RS Rating: 92
Group RS Rating: A1
SMR Rating: N/A
Acc/Dis Rating: B
ROE: 33.2.2%
Debt: 66%
Outstanding Shares: 57.4m
EPS Due Date: 11/02/18

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

2018-09-25

I sold today, because Sonic was bought out and the upside beyond today is limited. I was down about -6.5%. This is beyond my normal -5% stop, but I wanted to give this one a wider stop.

The way this has been trading I moved it to -8% which is the classic CANSLIM stop loss.

See How to Trade Stocks by William O’Neil.  My copy has creases, folds, underlines, asterisks, and mud. This is a must read.

I had liked the way this was trading and I bought it. I was loosing money and this was more luck, but I’ll take it.

Current 3 Month Chart from Stockcharts.com

Kemet Corp  – KEM

2018-08-31

I had been watching this seriously when it was ranked #14 on Investors.com publication ofIBD Weekly IBD 50  Vol 35 N.O. 18  Week of August 6, 2018. This has been featured before, but I work with a small account and was fully positioned at that time . Risk Management  rules restrained me at that time

I had sold one position and had cash available to roll into another one. I checked on this one last night and saw that it had sold off…

Then I looked at it’s volume. It was about 1/3 of what it normally trades at.  That is a huge signal for reading the tape or Accumulation/Distribution

I  got filled at:  $25.50
-5% stop:          $24.22
+20% Target:   $30.60

IBD Rankings today
Composite Rating: 98
EPS Rating: 99
RS Rating: 93
Group RS Rating: A+
SMR Rating: A
Acc/Dis Rating: C-
ROE: 33.2.2%
Debt: 66%
Outstanding Shares: 57.4m
EPS Due Date: 11/02/18

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

2018-09-05

I sold this one at a loss and I got filled at $23.93. This had a bad day yesterday on average volume and was close to my stop. I held the position, because it didn’t hit the -5% loss limit. I wasn’t overly concerned, because with the average volume people were no running for exit. I watched this one close and it was a down day at the start of the day. I had expected it to bounce and at lunch I checked… It didn’t recover and I closed the position

Opened position at:  $25.50
Closed position at:    $24.22
$-157 or -6.2%

This is the current chart from Stockcharts.com

 

 

 

 

Stoneridge Inc – SRI

2018-08-21

I started watching this on 2018-06-14 and looking for the right time to open a position. I am buying an Out of The Money $35 call Sept 21, 2018. The current price is $32.62

I am expecting the MACD cross over. I bought 3  $35 calls with September 21, 2018 expiration. At the time that I bought the stock price was at S32.72

I  got filled at
-100% stop: -.50
300% Target: 1.50

IBD Rankings today
Composite Rating: 96
EPS Rating: 92
RS Rating: 93
Group RS Rating: A+
SMR Rating: B
Acc/Dis Rating: B
ROE: 18.2%
Debt: 51%
Outstanding Shares: 929m
EPS Due Date: 10/30/18

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

2018-09-23

Well this trade idea didn’t work out. I had expected the MACD and MACDH positive crossover. It didn’t happen and I lost the entire position

The PSAR is above and there was a big o’l red candle in August. The stock was already below the 50 EMA and was at the 100 EMA

There was no planned event happening so I had time decay working against me

This is the cost of tuition in learning the market. This was an impulse buy and was not a good setup

Advanced Drainage Systems – WMS

2018-08-08

This stock idea had come to my attention on 2018-06-2018 when it popped on IBD Stock on the Move. I started watching it and been looking for a good opportunity

Last night I was  reviewing the charts and saw a potential MADH positive cross over. The chart look like line of least resistance is on the upside. Tomorrow they are reporting earnings and taking earnings risk by placing a trade this morning

I got filled at 27.90
-5% stop: 26.51
20% Target: 33.45

IBD Rankings today
Composite Rating: 82
EPS Rating: 83
RS Rating: 85
Group RS Rating: B
SMR Rating: C
Acc/Dis Rating: B-
ROE: 18.2%
Debt: 108%
Outstanding Shares: 23.9m
EPS Due Date: 08/09/18

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

2018-08-28

I didn’t like the way it was trading and closed out my position this morning. It was slowly increasing on light volume and the momentum was slowing. The MACDH was trending down and oscillators have been overbought for a while. I  got filled at $32.31

32.31 -27.90 = 4.41 in 20 days. Not bad

 

Nanometrics Inc – NANO

2018-08-01

This stock idea came to me from doing my research on Investor’s Business Daily after reviewing my positions yesterday. This was in Stocks On The Move and it piqued my interest.

This company had posted earnings and popped. It looked like that the momentum had shifted to the upside and I expect resistance around $45. I placed a Limit Order at yesterday’s close this morning.

I got filled at $39.95
-5% stop = $33.62
20% Target = $42.47

IBD Rankings today
Composite Rating: 97
EPS Rating: 99
RS Rating: 94
Group RS Rating: B-
SMR Rating: A
Acc/Dis Rating: A+
ROE: 12.6%
Debt: 0%
Outstanding Shares: 23.9m
EPS Due Date: 10/31/18

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

2018-08-16

I had bought ahead of earnings, but liked how the market was setting up. Earnings was announced and pop!

I was sitting on about 12% in about 2 weeks. I reviewed how the stock was trading last night and felt there would be a pull back. I was thinking that 3-4% or even 5% would be normal. I checked a few times in the morning and it was not trading right. So I waited….

Then at lunch time I checked and it was down 10%! I still had a profit and did not like the “volatility”. Swings like that tells me that something is wrong. I sold and locked in a small gain and I got filled at $40.66

Here is a 3 Month chart from Stockcharts.com

Advanced Micro Devices – AMD

2018-07-27

This came to my attention on my Thursday review of the IBD Stocks on the Move. I scanned for stocks that were below $40.00. They had reported earnings and bought on Friday for a short term momentum play

I got filled at $19.10
-5% stop = $33.62
20% Target = $42.47

Here are the IBD Rankings on the Friday edition of IBD Weekly VOL. 35, No.16 Week of July 23, 2018

IBD Rankings today
Composite Rating: 98
EPS Rating: 76
RS Rating: 96
Group RS Rating: C
SMR Rating: A
Acc/Dis Rating: A-
ROE: 22%
Debt: 217%
Outstanding Shares: 969.3m

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

1 year daily chart from bigcharts.

I use a 3 tier 50 day EMA. What I’m looking for is a cross over for the shorter term over the long term. The 50 EMA should be a level for institutional support

3 Month Daily from StockCharts.com

2018-09-13

The upside on this trade was really impressive and I credit it to some hard work, having some available cash, and luck. I got filled at $31.20 and locked in  a $1,200 gain in about 6 weeks.

I really didn’t a see a day that I really didn’t like until it touched my stop intraday and bounced. Today the trading range wasn’t right and I sold have of my position.

Last night I had discussed this stock with my friends from the local IBD Meetup. They recommended to take half and lock in the profit. Then let the rest ride

So I’m sitting on 100 shares at a very good price point and this could be a good long term play

Here is the 3 Month chart from Stockcharts

2018-10-25

I closed out the remaining 100 shares today at a slight loss -3.44%.  I got filled at $18.44 during the first hour the market opened. This was down from the high and has been steadily selling off.

I was sitting on a 25% profit and then earnings were announced and the market overall had a violent shake. The after hours trading was all the way down at $17.69

Lesson learned. I had at one point a 70% gain and I’m grateful that I sold half of my position there. I had held the remaining looking for a much longer term and it turned into a loss.

I still think that it’s going lower, but I’m not going to be placing any short position against it. The put options are very expensive right now to place a realistic trade

Here is the 3 month chart from Stockcharts.com

Orion Engineered Carbns – OEC

2018-07-22

I had been watching this stock from last quarter and I think the time is right for a pop. I’m watching the MACD cross over. The current stock price is at $32.30

-5% stop loss: $30.89
+20% gain: $38.76

Here are the IBD Rankings on the Friday edition of IBD Weekly VOL. 35, No.16 Week of July 23, 2018

IBD Rankings today
Composite Rating: 96
EPS Rating: 88
RS Rating: 87
Group RS Rating: B
SMR Rating: A
Acc/Dis Rating: B
ROE: 126.2
Debt: 0%
Outstanding Shares: 59.3m

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

1 year daily chart from bigcharts. I use a 3 tier 50 day EMA. What I’m looking for is a cross over for the shorter term over the long term. The 50 EMA should be a level for institutional support

The 3 Month Daily has the MACD and histogram crossing the zero line|
3 Month Daily from StockCharts.com

3 Month Daily from StockCharts.com

2018-07-23

My order got filled at $32.35 at the open. This slightly adjust my numbers:
-5% stop loss: $30.73
+20% gain: $38.82

2018-09-05

I closed this position to protect a profit. This was trading well and I was up approximately 10%, but things changed I had expected it to clear the resistance at $36. It didn’t…

I had checked this and realized that I should be further ahead then where it was trading. I knew something was wrong and I sold

Opened position at:  $32.35
Closed position at:    $33.05
+ $70 or +2.2%

I will still be watching this company, but the timing is not right now. Here is the 3 month daily from Stockcharts.com

 

Five9 Inc – FIVN

2018-07-23I had been watching this stock for a while. I had bought and sold this for a short term gain. I did not have the time to share this with you, but this is how it went

FIVN 100 32.81 Buy 05/22/18
FIVN 100 37.97 Sell 06/18/18

I have kept this on my watch list and I placed an order to buy at the open. I know that my execution is not going to be great, but I think that the random entry would still be profitable

Friday’s closed at $35.18
-5% stop = $33.42
20% Target = $42.22

Here are the IBD Rankings on the Friday edition of IBD Weekly VOL. 35, No.16 Week of July 23, 2018

IBD Rankings today
Composite Rating: 96
EPS Rating: 77
RS Rating: 93
Group RS Rating: A+
SMR Rating: B
Acc/Dis Rating: D+
ROE: 16.2
Debt: 85%
Outstanding Shares: 57.7m

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

1 year daily chart from bigcharts. I use a 3 tier 50 day EMA. What I’m looking for is a cross over for the shorter term over the long term. The 50 EMA should be a level for institutional support

With the 3 month daily I’m looking for a MACD and the MACD Histogram crossing the zero line

Now for StockCharts

I’m looking for the MACD cross over pop. If I’m wrong cut your losses

2018-07-24

I got filled at the open at $35.39 and my adjusted numbers are:
-5% stop = $33.62
20% Target = $42.47

2018-07-27

I sold Friday and closed out my postition, because the stock dropped and feel that it will hit my stop. My order got filled at $34.33 and I had a loss of $106 not counting commissions