Funko.com
2019-03-16 Saturday
This trade idea came from Investor's Business Daily Stocks on the Move on Thursday's edition 03/14. I had been watching this one for a while now and it's becoming active again. This company makes pop culture toys and accessories in US, UK, China, and Vietnam.
This first came to my attention 2018-09-18 when it was featured in the Stocks on the Move. I felt that it was still trending down, but i put it on a watch list. I watched it for the 4 months and put it on the back burner and focused my money on a more current issue.
I bought within the first hour of trading on Friday and that is Day 1 of a 7 Trading Day Time Stop.
I got filled at $21.33
-5% stop = $20..27
20% Target = $25.60
IBD Rankings 03/15/19
Composite Rating: 82
EPS Rating: 80
RS Rating: 98
Group RS Rating: D-
SMR Rating: B
Acc/Dis Rating: B
ROE: 28.9%
Debt: 164%
Outstanding Shares: 24.7m
Float: 5.94m
EPS Due Date: 5/13/19
Dr Alexander has a triple screen for viewing charts and Trading for a Living is why I use the following charts
2019-03-23
I closed out my position, because of the overall market sell off. I am still watching the company and just think that the timing was not right.
I got filled at $20.41
21.33 - 20.41 = -.95 / 21.33 = -4.6% in 6 days
2019-03-26
I moved back into this company, because it was in Investor's Business Daily's Stocks on the Move this morning. It looked like it was starting to breakout, but it closed with only a slight gain. I'm down about -2% right out of the gate. Not a good start
This is Day 1 of a 7 Trading Day Stop
I got filled at $22.47
-5% stop = $21.357
20% Target = $29.97
2019-04-17
I closed this out at a large loss on 2019-04-15. I had a bad start and a wide stop. I had a personal emergency that did not allow my normal review of each day's trading.
I got filled at 19.92
22.47 - 19.92 = -510 / 22.47 = -11.3%
This is tuition for not closing out a losing position when I was not able to do a full review each day
