Following #Brink’s buy signal (https://wp.me/p8S1aB-1dZ) we are long $BCO @ $84.6, $87.05. Weekly breakout & close above All-Time-High both reinforce confidence in the long trade. We may add to position on short term weakness if any.
Based on our signals to buy (https://is.gd/3WoUiE) & to tighten up stop loss (https://wp.me/p8S1aB-1eS) on #GSI #Technology $GSIT we bought at $8.697 & sold at $8.2744 when stop was activated for a 4.8% loss.
Based on our signals to buy (https://wp.me/p8S1aB-126) & to take profit (https://wp.me/p8S1aB-1eJ) on #Intrexon $XON we bought at $4.88 & sold at $7.66 for a 57% gain in less than two months.
#Natural #Gas $NGXXXX bounce failed against $2.5 resistance. Nothing surprising considering long term bearish trend (https://wp.me/p8S1aB-1ci) and lower bearish targets.
Following buy signal on #Chevron Corp. (https://wp.me/p8S1aB-1f4) stop buy orders placed @ $126.41 (ours) or even $126.4 (from one of our readers) did not get executed. Scenario still active. $CVX should pop when it will break $126.4.
#Intrexon $XON does not convince below weekly band so that we now prefer to take full profit & secure gain by closing the position at the opening of today’s session (https://wp.me/p8S1aB-1eJ)
John, it seems like we are on the same… tanker.
The press release about the $4.8 Million Private Placement of Common Stock reports that
I have frequently observed that stock prices are shooting higher ahead of placement announcements for the price to later settle back to or mostly below the placement price. In Pyxis’s case the opposite happened as the price spike occurred after the announcement.
I should have realized that such a major spiking and reversal pattern may probably have been engineered in order for those was bought the shares from the placement closing on 8 Dec 2017 to make a massive short term profit and that it portended lower prices forward instead of being a nice technical set-up.
This is certainly my poorest investment since I started the website and I must say that I own it on my private account and I tripled my bet at $2.20 recently only to see the price going down another 20% on last Friday (my average buying price is $3.13, very bad).
Trend is still down and unless the company is heading into bankruptcy price may have shot past its equilibrium price and Friday’s lower spike on support levels on multiple time scales combined with an oversold condition may testify about buying activities that could portend a short term bounce (for the least) in the coming days. Due to the price spiking lower at the opening of the session and the subsequent bounce I was looking for a higher closing price. $ is not that bad but the shape of the candle does not yet eliminate and downside risk essentially because it is still capped by a falling resistance.
I will follow up next week and decide on how to act in order to exit with minimum damage in case a short-term short covering rally takes place. Worst case it will continue lower, best case it will recover. Let’s sharpen our teeth.
Not too worried for my portfolio as I have multiple positions that are doing extremely well otherwise and yesterday was another increase of my long term porrtfolio.