Posts by JM

LCI trade for 8/24/2016

Posted By on Aug 24, 2016 | 0 comments

Lannett ($LCI stock) was a long swing favorite of ours around $20 earlier this year when anything biotech-related got smoked. In just a few months time it has risen almost 100% since our position trade in the chatroom. $LCI reported great earnings and raised guidance for the year yesterday after the close. We felt this was going to be an opportune time to take profits in the name by big fund holders who bought on the dip back then so...

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REN trade for 8/16 – 8/17/2016

Posted By on Aug 17, 2016 | 0 comments

Oil driller Resolute Energy ($REN stock) has been on a tear the past 2 months ripping from $3 to $20. We have been watching the price action on this stock like a hawk the past week. Patience is key in shorting small cap runners. After the past 7 trading days, we felt it was time to initiate our short position in $REN. There was excessive bearishness from almost every stock trader on Twitter saying they are going to short it (or was...

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OPTT trade for 7/20 – 7/21/2016

Posted By on Jul 22, 2016 | 0 comments

This is the third time we took a short position in $OceanPowerTechnologies ($OPTT stock) since June. Once again clueless long chasers, sheep who cannot read nor understand a financial balance sheet, ripped this stock up to stratospheric levels making it a prime target for a short swing trade. We started shorting OPTT in the $10s and kept adding to the position as high as the $15s. Why add to a losing position most of you will ask?...

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TYPE trade for 7/21/2016

Posted By on Jul 21, 2016 | 0 comments

Today Monotype Imaging ($TYPE stock) announced a dilutive acquisition of $150M. Stock got slammed late in the day -31% at the intraday lows. We starting bottom picking this name in the $19's. Sellers were being very aggressive and eventually slammed the stock down to $17's in 5 minutes. We took this opportunity to load up and rode the stock back up as we believed the extreme weakness was way overdone. Even an analyst Ladenburg...

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LEDS trade for 7/7 – 7/11/2016

Posted By on Jul 11, 2016 | 0 comments

This pump and dump is hilarious. $LEDS (Semileds stock) announced last Thursday that some no name Chinese investor (Dr. Peter Chiou) was willing to purchase around 20% of the outstanding stock in LEDS at $5, when the stock was only trading at $3.30 the previous day of the announcement. Sounds fishy? Heck yes! Who is Mr. Chiou? Our google search found no one reputable in the LED business. So then we checked his home residence address...

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