Covered $MEET to Close the Trade

Today was a good call from yesterday’s game plan. Actually, during trading hours it moved up, not significantly but, more than I thought. From there though, it just stayed in range the rest of the day. The significant move was in after hours after the ER.

Closing Scorecard
CostCloseChangeTargetLowTarget%
$5.29$4.6213%$4.70$4.62114%
In after hours, after ER, it exceeded my target and I covered it to close the trade.

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Long $VIPS Day 13 Analysis

Today was a good call from yesterday’s game plan. As expected, the 50DMA was tested and now held as support instead of previous resistance. We also made a good move up on much less volume. That indicates we are starting to have an easier time moving up as we moved through a heavy area of supply, which was also anticipated.

Weekly Scorecard
CostCloseChangeTargetHighTarget%
$10.60$12.3116%$12.80$12.5086%
My cost changed this week as I added some on a dip.

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Short $MEET Day 17 Analysis

Today was a good call from yesterday’s game plan. Yep, it showed some strength in the morning, but gave it up by the close. Just as the doctor ordered.

Weekly Scorecard
CostCloseChangeTargetLowTarget%
$5.295.035%$4.70$4.9361%
This week it fell out of the up channel it had been trading in.

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Long $BSMX Day 9 Analysis

Today was a good call from yesterday’s game plan. Ok, I wasn’t entirely correct. I said if earnings were bad I thought we would have a knee jerk reaction. Earnings seemed pretty good, but we still had a knee jerk reaction. As I said I would, I bought the dip.

Weekly Scorecard
CostCloseChangeTargetHighTarget%
$10.18$10.08-1%$15.00$10.7011%
I added to my position twice this week, both times on dips. The week ended today with earnings. The action looked like a shake out to me.

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