Sail is breaking out off of a trendline and above the 21EMA and 50sma
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SAIL is up on news that PANW is buying CYBR, so don’t know if that jump will hold. I suspect it might come off a bit, but stay above the trend.
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TSS had a rough day today. It came close to hitting my stop. I couldn’t find any news on it. Strange but that is why I have a half position and letting it do it’s thing.
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Yep, it gapped up above 50dma, then reversed down but closed right on it. If it holds above the 50 tomorrow, it is probably worth a try, but I think I am out of money.
The question is, why did we miss this one…
IBRK: great ratings, Stage 1 cup with handle. Has been a market leader. Same space as HOOD. Only thing wrong was the weak breakout with only +4% vol. I did manage to pick up a tiny bit after it gapped up on earnings and then filled the gap and reversed up again. Add a bit more the next day. Now have the red dashed line stop loss below the reversal day, which will get me out with a profit.
Got very lucky on SPOT today. I am using more stop losses and they are helping. I had a stop loss at $652, it kicked in and got me out at $650. I was then able to buy back a small part of my sold position at $620, then another small add at $633. Day 3 is when I will get more serious about adding back. This replacement buys are clearly not IBD buys, but technically, the low stopped at the previous pivot point, which gives me hope. Upon review in the magic spreadsheet, almost every position in SPOT I sold today was profitable but, all but one underperformed the S&P, something I was not expecting.
Took a gamble on GLW and RMBS by not selling before earnings. JBL had great earnings based on AI data centers, so I decided to take the risk even though I had no profit cushion. I have a full position in RMBS and 1/4 in GLW. Both gapped up on strong volume after earnings.
Update: today is the first time in a long time that my IBD account is above its starting point on Jan 1. Now, if you add my RBLX IBD buys from a different account, I am well above that, maybe even beating the S&P. But I have lots of IBD buys in various accounts that I don’t track in a uniform manner. It is sloppy, but necessary. I am happy with results overall and will continue to pursue the system and try to find one more life-changer stock before I die! Just for the sport of it. If I took all my stocks and put them in 4.5% 10-year treasuries, I would never even have to touch the principle for the next 30 years, but what fun is that?
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Another miss we might try to do better at.
On 6/17, JBL reported great earnings and gapped up big. Celestica (CLS) is in the same business and did not move much. The “vertical” red line in the CLS chart marks 6/17. The horizontal line is a base that could have been used to buy a breakout.
Today CLS reported, and like JBL, blew out earnings. We could have been on that.
For instance, Newmont Gold (NEM) gapped up on earnings a couple days ago (but did fade a bit). AEM reports earnings tomorrow, will it do the same. I do have an IBD position in AEM with a small loss at the moment.
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You can’t kiss all the babies and when you put money into something you have to give it time. I have a list of stocks that I think are the top ones and that is what I want into.
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No, but you might want to kiss this baby. If MSFT and META report they are increasing CapEx, this datacenter builder could break out.
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I was kicked out of TSSI today. I gave it room to flop around, and it still kicked me out. I need to think this over. Although I bought a smaller position, so my loss was the same as a full position, I am not sure if that is the smarter way to do it.
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Now look at CRWV. It looks like it is going to hit the 100 dollar mark, will it hold?
All of the arbitrage between it and it’s buy out of Corz has been sucked out.
Is the market trying to tell us that the buy out is not going to happen?
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TSSI, just thinking out loud…
If I were to trade this, I would have wanted to buy after it moved above the 21dma. I would certainly have missed the first day, but if I had seen it that night and had money, I would have been willing to buy on that second day as it confirmed its strength above the 21dma. Since it was not breaking out of a base, I would have insted used the 21dma (a bit below) as a stop loss.
I would feel more comfortable buying a strong breakout. I did by ALAB on the breakout from the “Darvas” box, but only 1/4 position. I don’t feel like adding now based on the chart and high market.
I am adding WGS to my watch list. It has a number of 400% days (green spots). Two big days after earnings yesterday. Yesterday had a downside reversal, but it erased that today. That would have been a reasonable loss, even for a full position. That was about $1 from the day two close to the plunge below the 21dma (a little less than 5% of the position). If you waited a few more days and bought higher, then definitely rethink that. Webby loves the near-by and obvious places for the stock to tell you that your were wrong at a low cost.
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$CHEF re-entry into buy zone with strong vol after earnings. Seems like a reasonable bet. Earnings showing good growth, but sales are consistently single digit. It also might get whacked by tariffs.
Had a 10% loss on my 1/4 position of PANW, had to sell. I handled this poorly, last night it fell below 50dma on news it was buying CYBR, I felt the news was all in and I could hold, but no, down another 6% today. My biggest mistake was to not have stop losses in at 8% from my buy price.
I did have two stop losses on some old, non-IBD, non-Trading stocks I was not liking. They reported and got hit, so I was less hit, but I did not like them and they were poorly rated, so why was I holding and hoping for good earnings? Ugh. PANW will let me guy AGX if it breaks out, the other two were in my taxable account so that becomes retirement spending money.
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I bought it on the 21st as it broke over the 21ema.
Perfect buy. You must not have lost much.
Our old friends are showing some life: DAVE could have been bought today. SEZL finding support, RBRK could have been bought today. HIMS looking at a breakout. MSFT CEO juiced the quantum stocks, all up overnight: RGTI, IONQ, QBTS.
“Safe” stocks: GS, MS, JPM passing above recent resistance. FIGMA IPOs tomorrow and I think we will be ramping up on IPOs, so that can really help GS and MS.
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I lost 7.4% on a half position. I thought it was a perfect buy but I might have bought it to high. Hard to catch them when they are taking off.
I bought Dave and RBRK yesterday, Rbrk was an add on. I was a little nervous that they came back in yesterday but they held.
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Good call on AGX Pete, did you pick it up?
Edit: It looks like it is pulling back a lot of up days on the daily
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Smaller Canadian company IE. They are involved in copper mining. They haven’t started mining yet, but they have a copper field located in Arizona valued at 1.9 billion. It just jumped off the 50sma. Surprisingly, copper has been going down, but we know we need a lot for the data centers.
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