Category: Archive

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

At Home Group Inc – HOME
2018-06-07

I started watching this one on 2018-05-07, because it was featured in Investor’s Business Daily – IBD Weekly VOL 35 N.O 35 New America

I had sold Viper Energy VNOM and now have cash free for another opportunity.

I am looking to Buy 100 shares HOME around today’s close $36.75

IBD Rankings today
Composite Rating: 97
EPS Rating: 93
RS Rating: 91
Group RS Rating: C
SMR Rating: A
Acc/Dis Rating: B
ROE: 10.7
Debt: 49%
Outstanding Shares: 61.6m

5 year Monthly Chart from Bigcharts

1 Year Daily from Bigcharts

3 Month Daily from Bigcharts

3 Month Daily from Stockcharts

2018-07-12

I closed out of the position today, because I didn’t like the way it was trading. Yesterday Goldman Sachs posted a report that said that China tariffs would hurt At Home. I was sitting on about 10% profit and it plunged on the news and I had a -2% loss midday. It recovered, but I felt that something was really wrong with the market. Normally there is not a 12% in the price of this company.

Here is the 3 month chart from stockcharts.com

I still will be watching this company for some time, because I like the story of the stock and think that it could be a long term play later

2018-08-29

I bought 1 OTM $40 Call with September 21, 2018 Expiration. It is a few weeks until the report earnings and the chart has been shaping up as it is approaching

I place a Limit order at $1.20 during the morning and the stock was at $37.12. The stock started the morning up and I was not filled right away. The stock must have drifted down some in the afternoon or a market maker wanted my money to take the other side and I got filled

Here is the 3 month chart from stockcharts.com

2018-09-23

This option expired worthless and I lost the whole amount. This one I had bought the option within the earnings date and was expecting a good bounce, but…

That didn’t happen and the down move wiped out the value. It never recovered

Feeling kinda aggravated with option buying set up. I was buying a call 2-3 weeks ahead of an earnings announcement. Here’s the rub – the company adjusted the reporting date. When that it hit the stock broke down and wiped out all value on option. Drat

This is a numbers game strategy and I’m having trouble with that style