Long $VIPS Day 23 Analysis

Today was a good call from yesterday’s game plan. Just as predicted, it fell through the bottom of the channel and went to a low of $11.04, pretty close to $11.00. It made a nice come back to close relatively strong at $11.44. However, I did use that closing strength to sell about 40% of my position.

Weekly Scorecard
CostCloseChangeTargetHighTarget%
$10.90$11.445%$12.80$12.5084%
I sold 40% of my position this week which changes my cost.

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Long $BSMX Day 19 Analysis

Today was a good call from yesterday’s game plan. I was pretty much right on the money. It had a gap down opening, which recovered pretty quick and the volume was around the same as yesterday. The only thing was it didn’t close green. It traded green for a while after the recovery, but ended up closing even.

Weekly Scorecard
CostCloseChangeTargetHighTarget%
$10.18$10.392%$15.00$10.7011%
This week looked like a manipulated MM low volume test. Hopefully it is preparing to move out of this area and start trending higher.

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Long $VIPS Day 18 Analysis

Today was a good call from yesterday’s game plan. I was hoping it would be a bigger move up, but we did end the week with a nice hammer. The sign of strength I was looking for.

Weekly Scorecard
CostCloseChangeTargetHighTarget%
$10.60$11.8312%$12.80$12.5086%
I think my target was too aggressive and I missed a long legged doji sign of the trend reversing. As a result I held the trade thinking I would get my target this week and instead, per the doji, the trend reversed and I got stuck in the pullback. However, the pullback was low weekly volume so I don't think it was very significant. Maybe just a low volume test of supply.

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Long $BSMX Day 14 Analysis

Today was a good call from yesterday’s game plan. Again, I said any move today would be slight, and -$0.2 is pretty slight. I have a feeling this might become a broken record.

Weekly Scorecard
CostCloseChangeTargetHighTarget%
$10.18$10.473%$15.00$10.7011%
It seems to be in phase E mark up now as it has retested the upper trading range line and moved up off it. We are in a bit of equilibrium now and need something to get it moving, but slow and up is fine with me.

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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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Short $MEET Day 12

Today was a good call from yesterday’s game plan. It was weak as expected and not only moved towards the lower channel line, but hit it, even going slightly below.

Weekly Scorecard

CostCloseChangeTargetLowTarget%
$5.295.251%$4.70$4.9648%
I covered half my position this week which changed my cost. I reassessed this trade because I called it way too early. I set the new LPSY at $5.50. A move to there and I will probably add to the short.

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