Thursday, June 16, 2016

KMG Trade

Traded KMG, so called " earning winner" with loss.
It has spiked pre market pretty good on strong earnings but trended down all day.
I didn't cut losses quickly and has a big loss
I held it over the weekend , waiting for the uptrend which never came.
I still got out on time as it dropped even further in subsequent days
It is a thinly traded stock with av volume of < 50K, which may have contributed to this outcome

Thursday, June 9, 2016

LULU Trade

Bought this earnings winner early during the day and held it until late afternoon next day


It may go higher in the next few days but I am happy with my gain.

Tuesday, June 7, 2016

WMS Trade

Buy Point
On a 2 day chart
The stock had pulled back about 3 percent just after market open
It held support at around 23.40
I entered at 23.85




The Sell Point is shown in the picture below



I sold it when the upward momentum slowed down. But I could have held it more, it kept going up
Sale price was 23.15