Monday, July 16, 2012

Open Positions

In order to catch everyone up, I thought I would publish the list of my current positions.  I will do a separate post on each one of these at some point in the future, either as an after action report or if I am feeling froggy I will write a quick post on each position.  Who knows at this point?  Anyway without further ado, here is where we are today:


Ticker Direction Opened  Avg Cost Gain/(Loss) to date
FL Long 2/28/2011 $21.28 54.3%
DNKN Long 3/14/2012 $30.74 15.1%
WFM Long 6/19/2012 $95.00 -1.2%
ALJ Long 7/16/2012 $9.49 -0.1%

I will hopefully also be able to go back and review all the trades that have been completed this year.  Stay thirsty my friends.

This material is provided for informational purposes only, as of the date hereof and is subject to change without notice.  This material may not be suitable for all investors and is not intended to be an offer, a solicitation of any offer to buy or sell any securities.  Following me in trades will lose you money.

ALJ - Purchase

Bought ALJ at $9.49 today.  Alon USA is a refiner operating in three segments:  Refining and Unbranded Marketing, Asphalt, and Retail and Branded Marketing (from Yahoo! Finance).  ALJ as been moving upwards since June 21, and today broke through resistance at $9.00 on above average volume.  The fundamentals are sharp, the technicals are sharp and this is one of the last refiners to break.  I believe that this stock will see $12 in due time, which would be good for a 25% jump.  Protective stop will be in the $8.35-$8.50 range, as ALJ recently found support in that area.

This material is provided for informational purposes only, as of the date hereof and is subject to change without notice.  This material may not be suitable for all investors and is not intended to be an offer, a solicitation of any offer to buy or sell any securities.  Following me in trades will lose you money.

Friday, July 13, 2012

YELP - After Action

This is my after action report for YELP.

**Quick disclaimer: as I just started this blog, there will be several entries that are only after action, as I had already purchased the shares.  I am not trying to make myself look better than I really am by only reporting good trades.  I will put every trade I make on this blog, good or bad.**

YELP was bought June 7, 2012 at $17.46.  This trade was entered based on a reversal of price action and a positive MACD cross over.  Like most of my trades, YELP was brought to my attention via the Twitter machine.  Once I completed my research and found it to be a positive target, the trigger was pulled.

YELP was sold on July 11, 2012 at $21.24, for a gain of $3.78/share or 21.6% before commission and taxes.  The sell was triggered by negative reversal of price action and an equally negative MACD cross over.  I was disappointed in the sell, as I feel that YELP has some more upside in the long term, but I was not willing to risk profits waiting for the bus to turn around.  Especially in this current market environment where negative news from the financial shit-hole that is currently Europe could have wiped all my gains from the book.

I would rate myself 8/10 on this particular trade.  I had sound reasoning for both my entry and exit, followed my position sizing guidelines and obeyed my risk rules.

YELP will remain on my radar as I believe that it is forming a cup and handle formation, and I will look for a possible re-entry on a break (on volume) above $26.

This material is provided for informational purposes only, as of the date hereof and is subject to change without notice.  This material may not be suitable for all investors and is not intended to be an offer, a solicitation of any offer to buy or sell any securities.

Wednesday, July 11, 2012

Welcome

Welcome to Jade Capital.  On this blog I intend to post about my activities in the stock market(s).  I hope to post when I enter a trade along with my reasoning for entering the trade.  I will then post an after action report for each trade which will include why I exited, some sort of rating for the trade and any and all lessons that I learned from the trade.

As a disclaimer, I am not certified in any way shape or form for this type of activity.  If you choose to follow me into trades, you do so with the understanding that you will lose all of your money.


This material is provided for informational purposes only, as of the date hereof and is subject to change without notice.  This material may not be suitable for all investors and is not intended to be an offer, a solicitation of any offer to buy or sell any securities.