The Cash Trade Didn’t Last Long

On November 8, I was 100% in cash. The market was lacking direction; my set-ups were not working, I couldn’t find an identifiable trend to trade, and the world was borderline psychotic about who should be the next U.S. President. This added up to uncertainty. Markets do not like uncertainty which was confirmed by my observations that breakouts were immediately retreating and not following through. Hence, I went to cash.

The truth is, I should have gone to cash much sooner. My set-ups had not been working for weeks due to the market chop. I even wrote an open letter to trading psychologist Dr. Brett Steenbarger about my inability to stay inactive. And he responded.

Continue reading “The Cash Trade Didn’t Last Long”

$MGT: John McAfee + 11 Million Share Float = Fireworks

On Sunday night MGT Capital Investments $MGT was an unknown penny stock involved in online gaming and fantasy sports. By Monday morning $MGT had announced that they were buying John McAfee’s cyber security company, naming the cyber celebrity as their new CEO, and renaming the company to John McAfee Global Technologies.

Continue reading “$MGT: John McAfee + 11 Million Share Float = Fireworks”

$UBNT High Short Interest Earnings Drift Swing Trade – Ubiquiti Networks

Ubiquiti Networks $UBNT reported earnings on May 5th beating analysts estimates on both the top and bottom line. The stock appears to be consolidating again after the initial earnings report gap-up and looks like an interesting swing trade candidate. This stock has a very small 25 million share float of which 36% is sold short. Below is the short interest data via shortsqueeze.com:

Continue reading “$UBNT High Short Interest Earnings Drift Swing Trade – Ubiquiti Networks”

NanoString $NSTG: A Lot to Like for your Watch List

For the upcoming week, I have NanoString Technologies $NSTG on my watch list. There is a lot to like about this stock for a potential swing trade. This stock has a small float, a high short interest, and a good looking chart, which can be a great combination for a short-term breakout. $NSTG has been consolidating nicely since the beginning of March which has led to a rising 50 day moving average that is close to crossing the 200 day moving average; this is a bullish technical indicator known as the Golden Cross. In addition to the possibility of a Golden Cross, the chart is presenting a Symmetrical Triangle, which in combination with the rising 50 day moving average, is another bullish indicator.

Continue reading “NanoString $NSTG: A Lot to Like for your Watch List”

The Gun Trade May Be On: $SWHC $RGR

The rhetoric associated with the Presidential primaries has led to fears that America’s right to bear arms, as described in the 2nd Amendment, could be in jeopardy. The passing of Supreme Court Justice Antonin Scalia on Saturday will likely be a gas can thrown on the fear fire as it is perceived as unlikely that the President will appoint a Justice, to replace Scalia, that is friendly to the 2nd Amendment.

This makes the gun stocks like Smith & Wesson (SWHC) and Sturm, Ruger & Co. (RGR) worth a serious look for a potential swing trade. These stocks were setting up nicely prior to Saturday’s sad news. Continue reading “The Gun Trade May Be On: $SWHC $RGR”

A Solution to the Identity Crisis @Twitter

I’m on a bit of a Twitter (TWTR) rant lately. That is to say that Twitter has been on my mind both as an investment and as a platform I use daily. I find tremendous value in Twitter and this has caused me to give a great deal of consideration to its documented failings. Twitter the stock has been obliterated due to an inability to grow the monthly active user base while Twitter the company has been chastised for allowing anonymous accounts to post hateful and abusive messages and otherwise harass users whose opinions differ from their own. All of this is happening while Twitter is in the midst of an identity crisis, not because new users expect it to be more like Facebook (FB) but because those who are not using Twitter are wondering why they would need another Facebook.  Continue reading “A Solution to the Identity Crisis @Twitter”

What’s Missing at @Twitter?

Let me start this post out by stating that I believe in the long term prospects of Twitter (TWTR)  I’m an investor in the stock and a Monthly Active User (MAU) of the platform. In fact, to the dismay of all my friends on the technical side, I’ve remained long the stock despite the obvious and very painful downtrend. So the question I’m about to ask comes from the perspective of an avid user who holds a (not as large as it once was) investment in the stock. If, after reading this, you  still question my belief in the potential of Twitter, read this article I wrote in March, 2015.  Continue reading “What’s Missing at @Twitter?”