Tuesday, September 16, 2014

Some thoughts on Facebook $FB

These are just my observations...not advice. I still hold a large position in Facebook as shown on my portfolio page..

Click to Enlarge

Monday, September 15, 2014

Exit Ubiquiti Networks ($UBNT)

I apologize for the late video, but if you follow me on Twitter @ArizonaTrader, you''ll see my real time (or almost real time buys/sells). So, $UBNT was looking sweet after Thursdays breakout. However, things turned sour after Friday's breakout failure. And now the video...

Sunday, September 14, 2014

Watchlist 09/15/2014

Despite the pullback in the major markets and distribution days mounting, lots of names are setting up  for plays in the coming weeks. Most are pullbacks from recent highs, one setup is in a basing pattern. There are a few others that didn't make it to the video.I tweet all my trades in almost real time via Twitter  so follow me @ArizonaTrader and subscribe to my blog posts. And now the video...

Wednesday, September 10, 2014

Exit Salix Pharmaceuticals Ltd. ($SLXP)

I finally sold out of my Salix position. It violated my first line of support yesterday and broke the 21 EMA today. Volume to the downside was accelerating so I sold an hour and a half before the close. Meanwhile, $JAZZ was doing well and the $IBB sector ETF was doing well. The character of Salix had changed and I decided to exit with a -6.5 loss to the portfolio. Here's the video...

Monday, September 8, 2014

Long Facebook ($FB)

Facebook ($FB) is one of those stocks that everyone loves to talk about. You either hate it or you love it. Or if you're a trader, you couldn't care less about other opinions and buy it to make some m money. I am amazed that so many people hate this stock and are actually shorting it. It's up over 100% over the last 12 months and people now believe it can't go any higher. They have no basis for their decision, they just have that opinionI guess we'll see who's right. I'm one of those traders, by the way, who cares more for the money than for opinions, and here's the video explaining my entries

Long Ubiquiti Networks, Inc. ($UBNT)

Ubiquiti Networks, Inc. ($UBNT) has an unusual pattern...not an A+ setup. It is in the technology sector, which has outperformed the S&P 500 all year. It scores a 94 Composite Rating per IBD, so now I sit and wait to see what happens...

Long Salix Pharmaceuticals Ltd. ($SLXP)

It was a tough decision between buying Jazz Pharmaceuticals($JAZZ)or Salix Pharmaceuticals($SLXP). I'll find out soon which one was the better option. In the meantime, here's the video explaining why I went with Salix...