Stenzrob's specials

[IIC]

Stopped out of SDTH today, executed at 11.90.
+20.8% since 12/19.
I will be looking for another pullback to consider a re-entry.

Meanwhile,Piper Jaffray raised their target on WATG today.
"Piper Jaffray reiterates Buy. Target $12 to $15. Piper raises their ests and target to $15 from $12 after the co announced a 3-year $32 million export contract win. Firm says the contract win continues to solidify the co's position as a global supplier of auto parts, and they believe that future contract wins with global OEMs will provide positive catalysts for the stock"
I bought WATG on 12/5 at $10.55, now at about $11.50 (+9%), but this move may bring more attention.
This one is too thinly traded to use a stop.

Yesterday I actually tried to bail on the final 1/4 stake I have in SDTH at 13.85 but computer at work froze up and the market closed...Today I tried a few limits but nothing...So I still have some.

[stenzrob]

I entered a stop for CYBS at $17.75 (for now). That is enough to keep about a 2% gain if it triggers. The CYBS chart still looks really nice, with good buying volume even yesterday when the volume on everything was way down.

Yesterday I actually tried to bail on the final 1/4 stake I have in SDTH at 13.85 but computer at work froze up and the market closed...Today I tried a few limits but nothing...So I still have some.

Doug, SDTH is going to do fine over time, I think. Still undervalued, but there had to be profit taking sometime, whether it was with a general market selloff or not. I protected mine by setting the stop rather than trying to guess when it would come. I have a lowball buy order entered, and may adjust it as things play out.

[IIC]

I entered a stop for CYBS at $17.75 (for now). That is enough to keep about a 2% gain if it triggers. The CYBS chart still looks really nice, with good buying volume even yesterday when the volume on everything was way down.


Doug, SDTH is going to do fine over time, I think. Still undervalued, but there had to be profit taking sometime, whether it was with a general market selloff or not. I protected mine by setting the stop rather than trying to guess when it would come. I have a lowball buy order entered, and may adjust it as things play out.

Geez...What are we...TWINS???...I own CYBS too...although I paid lo 19.30's yesterday...I'm not too worried about it...Take a look at BRKR...I bot it last Friday.

Only other one I own is BEAS...I expected another buyout offer that didn't happen...Yet anyway...Guess I didn't pay attention to my motto on that one...

[stenzrob]

Bought some IDRA this morning at $12.72.
Much better than the price at the open, which is why in real life I never make a market order, especially at the open.

Currently holding only LUNA and now IDRA.

Sold out my WATG and CYBS positions on 12/28.

WATG was bought at 10.55 on 12/5,
sold at 11.05 on 12/28 (+4.7%).

CYBS was bought at 17.38 on 12/13,
sold at 18.33 on 12/28 (+5.5%).

[stenzrob]

Bought some COIN (Converted Organics) for $5.05.
This is a speculative play, half my usual position dollar amount, and I'm willing to hold it for a while if it doesn't do well in the short term.

[stenzrob]

Just bought some AXTI for $6.44.
It is challenging record highs today, in the face of a nasty market.

[stenzrob]

Just bought some AXTI for $6.44.
It is challenging record highs today, in the face of a nasty market.

Seems to be breaking out on heavy volume.
Life is good sometimes.

[stenzrob]

Bought some COIN (Converted Organics) for $5.05.
This is a speculative play, half my usual position dollar amount, and I'm willing to hold it for a while if it doesn't do well in the short term.

As it turned out, it did well in the short term, I am out at $5.92 for a 17% gain on the day. I'll continue to watch it.

[stenzrob]

Bought some IDRA this morning at $12.72.

I think this biotech stock is still largely undiscovered. A deal was signed with Merck in December that pays them $40m upfront and up to $381m in milestone payments as they proceed with development of their cancer drugs, yet the market cap is less than $300m. Analyst estimates for revenue have not been adjusted to reflect this.

But, stenz, you don't go for the story, you go for the momentum now.
Wassup' wit dat?

After the announcement, the weakness of early December was stopped in it's tracks and volume has been steadily above average until it hit my radar yesterday on the new 52 week high (breakout). Made this my POTW pick, thinking it would open under $13 and rise to around $13.50. Everything went according to plan, except that some idiot must have placed a market buy order this morning which the brokers were happy to fill at over $13.40 before it settled down to 12.70 to 12.80 within about 10 minutes.

As usual, I have no idea how far it might run, or even if it will run at all, I will only watch to see what it does. Already up over 4%, provides a bit of breathing room.

[stenzrob]

bought some HRBN at 27.02
bought some CYBS at 18.17

AXTI was doing just fine until some analyst downgraded it, saying that everything is fine, really, they just want to buy it cheaper.

[stenzrob]

I'm gettin' hammered in this market downturn, but still holding.
LUNA down 12%, HRBN and AXTI down about 10%, CYBS 7%, and IDRA is up slightly.

Another stock that has been on my watch list has an interesting lesson today about analysts - INCY was downgraded on Friday 1/4 to hold, fell from 10 to 9.4 on that downgrade, spend one more day there, and after pre-announcing positive test results this morning is now up to almost $12.

My AXTI position was doing fine and breaking out to new highs until it was downgraded "on valuation concerns". This looks to be finding support and I am expecting it to return to being a profitable position for me in the next few weeks.

[stenzrob]

bought some REXX for $12.95, for no reason other than a new high.

[stenzrob]

Cutting losses

This market is nasty, and could get worse, so I am liquidating a few positions.

Sold HRBN at 21.25 for a 21% loss.
Sold REXX at 11.60 for a 10% loss.
Sold IDRA at 12.06 for a 5% loss.

Holding AXTI, currently -24%. Stop limit set.
Holding CYBS, currently -13%. Stop limit set.
Holding LUNA, currently -20%.

S&P500 50 day ema has crossed below the 200 day, and has closed below the 400 day ema and not recovered very quickly. This is the kind of persistent weakness that was seen in 2000.

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=3&mn=0&dy=0&id=p43666580611

[stenzrob]

Removed the stops from AXTI and CYBS and just sold them outright.
AXTI at 4.90, 24% loss. CYBS at 15.62, 14% loss.

[stenzrob]

Replaced 4/5 of the sold positions with a dose of QID at $45.10.