Trading Summary


OPTT trade for 6/1 – 6/2/2016

Posted by on 12:34 pm in Trade Summary | 0 comments

This is a classic microturd pump job story. Ocean Power ($OPTT stock) announced yesterday the signing of a $975,000 lease for their experimental wave power energy-generating buoys by a large Japanese ship builder. This was OPTT's first step towards product commercialization. However, in March the company already announced that this Japanese ship builder was going to sign a lease for their products. The stock popped a lot already in March on that news. It's old news except the dollar amount of the lease. No terms were disclosed in the public release so I emailed OPTT investor relations and they replied back that they cannot reveal the terms of the deal to "ensure competitive pricing for future projects and contracts". I wanted to find out how long the lease agreement was for to figure how much revenue the company has gained annually. No disclosure of deal terms by company = pump job.

We shorted $OPTT as it was rising and added more as it went up to the stratosphere. The stock was up around +300% for the day at the intraday highs yesterday which was just plain ridiculous. Lots of the dumb long chasers fail to comprehend the news so it is our job to take advantage of their stupidity. And what did we get this morning from the company? ... an announcement of a secondary offering of shares! Classic PUMP & DUMP. Scam stuff right there.

We held the position overnight and covered all the way down into weakness. Net profit: $5,696. All trades called out live in the MookTrader stock chatroom.

optt

VSLR trade for 5/27/2016

Posted by on 10:05 am in Trade Summary | 0 comments

Deutsche Bank upgraded $VSLR (Vivint Solar stock) today to a Buy with a new hefty $7 price target from $3.50 based on valuation. The stock soared +48% on the news today which we thought was a severe overreaction to the upside as all the long chasers piled into this name as there was nothing else to blindly chase long today.

We shorted the stock multiple times and covered all into weakness. Easy scalp trades before the Memorial Day holiday weekend! All trades are alerted live in the MookTrader stock chatroom for members to follow, learn, shadow, and/or watch as they happen.

Net profit: +$2,145

vslr

KOOL trade for 5/19 – 5/20/2016

Posted by on 12:59 am in Trade Summary | 0 comments

Cesca Therapeutics ($KOOL stock) released yesterday a pr statement about results from a single patient pilot study they were conducting. The chasers pumped the nanocap stock up +80% at its intraday high. We read the news as just a pump press release because the study was only on ONE person and it wasn't even an official phase 1 or 2 study but just an investigative one.

We shorted into strength and decided to hold the position overnight as #KOOL still held up fairly well into the close and did not collapse yet. We covered into weakness as usual. All trades are called out live in the MookTrader stock chat room so that all members can shadow and learn from us.

Net Profit: $2,611

kool

QHC trade for 5/6 – 5/10/2016

Posted by on 9:15 am in Trade Summary | 0 comments

Community Health hospitals spun off their Quorumealth division ($QHC stock) last week. Many times spin-offs give a great chance for investors to buy the spun off asset on the cheap. This is because when a company gets spun off, lots of investors may not want the newly spun off company and usually what happens is they just dump it right away. This causes the spun off stock to tank in a short amount of time. And with big institutional holders, the amount of shares they have to sell can depress stock prices dramatically.

We decided to pick up some shares of $QHC after it opened at $13.50 and tanked below $9 in a matter of days post-spinoff. That's over a -33% haircut on the stock for no reason! We rode the position a few days and sold into strength before earnings day (they report May 11th Wednesday after the close) to reduce risk. This was an easy stress free swing trade.

All live trades are alerted in the MookTrader stock chatroom and P&L verified once the trade is closed.

Net Profit: +$8,710

QHC trade for 5/6 – 5/10/2016

Posted by on 6:36 am in Trade Summary | 0 comments

Community Health hospitals spun off their #QuorumHealth division ($QHC stock) last week. Many times spin-offs give a great chance for investors to buy the spun off asset on the cheap. This is because when a company gets spun off, lots of investors may not want the newly spun off company and usually what happens is they just dump it right away. This causes the spun off stock to tank in a short amount of time. And with big institutional holders, the amount of shares they have to sell can depress stock prices dramatically.

We decided to pick up some shares of $QHC after it opened at $13.50 and tanked below $9 in a matter of days post-spinoff. That's over a -33% haircut on the stock for no reason! We rode the position a few days and sold into strength before earnings day (they report May11th Wednesday after the close) to reduce risk. This was an easy stress free swing trade.

All live trades are alerted in the MookTrader stock chatroom and P&L verified once the trade is closed.

Net Profit: +$8,710

qhc

LCI trade for 3/30 – 5/10/2016

Posted by on 1:13 am in Trade Summary | 0 comments

We've been trying to bottom pick the falling biotech sector over the past few months. The generic drug maker Lannett ($LCI stock) was one of our long swing ideas on the basis of it being fundamentally oversold and punished because of association with the generics drug biotech sector and a recent acquisition that failed horribly initially.

Even though we made money on the trade, it was not an easy swing as we had many $20-40k swings up and down in the stock whipsawing our P&L. We sold into rips and added more on drops over and over like a yo-yo. We finally were tired of it today and just dumped it all.

Net Profit: $15,672

lci2

LXU trade for 5/6/2016

Posted by on 12:57 pm in Trade Summary | 0 comments

Insane moves of -35% in stock price one day and +35% the next are ridiculous in my opinion. That's what happened in $LXU (LSB Industries stock) the past 2 days. It tanked on bad earnings and got upgraded by 2 firms today to strong buys.

We bottom picked it yesterday and today we shorted the squeeze near the top. The guidance yesterday provided by $LXU was pretty bad so a move of +35% on upgrades today was asinine. Shorted into strength....and we covered into weakness. Contrarian trading at its best.
All trades are posted up live as it happens in the MookTrader stock chat room. Come join and trade with us!

Net Profit: $2,782

lxu

AAWW trade for 5/5/2016

Posted by on 1:06 pm in Trade Summary | 0 comments

Today Atlas Air Worldwide ($AAWW stock) announced a partnership with Amazon to provide air transport services. News of this possible pact came out last December so it wasn't a total surprise. The stock opened around $51 and para-spiked to a high of $57.77 in the first 5 minutes of trading! We immediately placed market orders to short $AAWW because the +51% upside move today was completely unwarranted.

The pact was supposed to be highly accretive to $AAWW earnings and cash flows and the company granted Amazon warrants to acquire up to 20% of $AAWW's common shares at a price of $37.50/share. A move of somewhere close to $40, a little premium above the $37.50 warrant price, would have been realistic. Hence we were confident in our short position in the $50's.

Content with our profits, we covered quickly unfortunately and left a whole lot of money on the table as the stock slow deathed another $8 from our lowest cover buy. Come trade with us in the MookTrader stock chat room. All trades are called out live as they happen with 100% transparency.

Net Profit: $2,216

aaww

CRDS trade for 5/3/2016

Posted by on 12:13 pm in Trade Summary | 0 comments

Penny stock pumping by newsletters or chat rooms often provides great shorting opportunities. We don't trade as many penny stocks as we do NYSE/NASDAQ stocks but today Crossroads Systems ($CRDS stock) was pumped for no reason and went up over +100% today with no news out from the company. We saw it as a prime example to short the pop. Penny pumps usually all end the same way = crash and burn right back down.

Started shorting at $0.57 and added more at $0.52 when we felt the buying was drying out. We covered into weakness and made almost 35% return on our short position in just under an hour! We didn't make too much on this trade but wanted to show you an example that daytrading doesn't require too much capital all the time.

All live trades done by us are called out in the MookTrader stock chatroom for all our members to follow, learn, and watch.

Net Profits: $1,779

crds

DRYS trade for 4/28/2016

Posted by on 12:32 pm in Trade Summary | 0 comments

Dryships Inc. ($DRYS) stock ripped an amazing +61% on the back of restructuring news by $PRGN (Paragon Shipping). We call them "sympathy moves" ... piggybacking off someone's news. Sympathy moves usually do reverse by the end of the day. DRYS was simply way overdone to the upside and so we starting shorting it at $3.71 all the way up to $4.56.

DRYS collapsed as soon as the squeezing and dumb long chasers were cleaned up and we covered into weakness. Another easy contrarian short squeeze play we do numerous times in the MookTrader stock chatroom. All stock trades are called out live as the trade occurs real-time in the MookTrader chat room.

Net Profit: $3,192

(We did another 5000 shares short trade in the name later and made another $402 in it. Due to spacing issues, we could not picture it on the chart. Total profit: $3,594)

drys