2/24

CLOSED:
AAOI:
Best trade of the year!

Then a lot of fades:

CEMP:

CARA:

CALA:

Lottery ticket:

PLX:

GRVY case study in power, How I traded it.

One stock that has surfaced on the momo screens is GRVY.   This is one that I did catch, although not as much of the moves, as perhaps I should have caught.   I can honestly say,  I bought this very well.  I caught big moves out of the range breakouts, but I sold after 20 - 30% gains in a few days times.


Here's how I traded it and why.

First, GRVY burst into Stage 2 with a 177% move in 2 weeks times.  This got my attention but I never chase the first move.

The ranges during that introductory move are wide and do not present good opportunity for trades

So I  put it on a watch list and wait ... and wait.  The power, will eventually will return when everyone stops watching.

Finally on Jan 13  GRVY, breakouts out of a narrow range. I felt the range over the past few weeks would provide some support and a place to get out even though volume had dried up.   Only 10K shares had traded when I took a 500 share position at 11.18

I knew this stock had potential given its previous move but would it be a pop and drop I did not know. So I sold the next day at $13.40.  Great trade, but obviously I left a lot on the table as  GRVY would run to 22.  I'm not that upset.  Profit is profit and for every stock like this that runs 100%,  9 will fade back harder.   So book some profits and perhaps trail some.

ROUND 2

Although I exited, I kept a close watch.   Oddly enough GRVY did not give back the gains  even after 100% gains.  I could see it building a Flag and the trading range tightening up  and when it broke to the upside, I re-entered:

 It takes a lot of growth as a trader to be able to buy a stock over 100% higher from the point where you previously bought it and this was a trade I wouldn't have done a few years ago. So I'm pleased that I was able to pull the trigger without hesitation.

Again, I sold too early.  But over $5.50 in 3 days...  I'm not too upset.  I'll just keep watching for the next base to form and .

The IPO Watch List

IPO 

Setup No 1 :

TRVG:

Beautiful  

"Reclaim the fame"  -- Mark opening week thrust, wait for it to be retaken. 

MRAM:
"Reclaim the fame" if no re-thrust within first 2 weeks resort to weekly charts

TRHS -- Very nice bar on weekly for the RTF.  now just needs to setup for a new entry.

The Rest:
Some volume into a consolidation area-- enough, not sure.  Don't see a reason to jump in early on this one as its still mid-range pre-thrust,

NTNX
Power demonstration during 1st two weeks but not much since.  Some productive behavior as it gradually starts to climb.  

Starter can be taken >35 and then add on the RTF

Setting a monthly long base after breakout

. but power potential is just so-so.

SITE:
V recovery  on narrow bars up.  I don't like it.  This one needs a pull back and base before I'd be excited about it.

SND:

Past power:
Big thrust on volume

ADR Power

Some power from abroad 

NTZ
PAM
PZE
BSBR
GGB
RIO
VALE
TSM
AMRN
ASND
FWP
BZUN
BVXV
ATHM
MIXT
KB
CYOU
GOL
NTES
NMR
CRESY
ACH
ASML
LFL
TEO
GRVY
MT
SAN
SHI

Watch list

This will be my watch list for the next month CHARTS

ADES
AFG
AGCO
AIMC
AKAO
ALLY
AMZN
AQMS
ARNC
ASUR
ATEN
ATI
AXGN
AXTI
BBT
BCO
BOBE
BRKS
CAI
CENX
CEQP
CLF
CLS
CMC
CMCO
CNAT
CNHI
CPA
CRCM
CRK
CRNT
CSX
CTRL
CUBI
DE
EMKR
ESPR
EXTN
FMI
FNGN
FOMX
FTNT
HALO
HLIT
HYH
ITI
KTOS
MAGS
MELI
MSA
NAK
NVRO
OCLR
OKS
ONB
OSUR
PCBK
PCYG
PEN
RDWR
RJF
RMAX
RTRX
SALT
SBCF
SCCO
SINA
SN
STLD
STX
SWKS
SXCP
TDOC
TEX
TGB
TMST
TNAV
TPC
TTMI
TVTY
TWI
UCTT
UEC
UMH
VIAV
WB
WD
WRN
X
ZEN
ZION
ZYNE

Best Performing Stocks of 2017 and How To trade them

AKAO 
This is one That I have traded.  Came on my scans after the Big weekly candle off the bottom