Per the recent trade of the week shopping list, we have initiated some more long trades this week for the first time in a while. It is great to finally start using some technicals once again and creating trades in stocks rather than indexes.However, the action can change very quickly as the market is still not entirely healthy. Therefore, I’m keeping stop losses tight and positions smaller than usual for now all while taking profits quicker than usual as the market can swing violently from morning to afternoon. A market pullback after the past few days is not unlikely, but let’s see if we can knock out some more long trades first before that happens. If it does, you can expect me to jump back into my short position via going long ProShares UltraShort Russell2000 (TWM).

Stamps.com Inc. (STMP) – Initiated 9-13

StockTalk to Initiate Position

Trade Details Will Be On Forums Shortly

VirnetX Holding Corp (VHC) – Initiated 9-14

StockTalk to Initiate Position

Trade Details Will Be On Forums Shortly

Optimer Pharmaceuticals, Inc. (OPTR) – Initiated 9-14

StockTalk to Initiate Position

Trade Details Will Be On Forums Shortly

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As always, do your own homework to see if you agree. Good luck out there.

Mike

At the time of publication, Kudrna was long STMP, VHC, and OPTR but positions may change at any time.

CURRENT PORTFOLIO AS OF 9-13

(TWM: 50.14 0.00 0.00%, vol: 0, avg vol: 6,314,190, 50-day: 52.17, 200-day: 45.50, yield: N/A, cap: N/A, short ratio N/A, 52wk: 38.44 – 78.40, 1yr target: 0.00)

(VHC: 22.08 0.00 0.00%, vol: 0, avg vol: 1,885,310, 50-day: 22.20, 200-day: 23.86, yield: N/A, cap: 1.111B, short ratio 4.40, 52wk: 10.45 – 41.77, 1yr target: 18.50)

(OPTR: 13.29 0.00 0.00%, vol: 0, avg vol: 813,160, 50-day: 9.57, 200-day: 11.73, yield: N/A, cap: 619.4M, short ratio 7.90, 52wk: 6.81 – 14.74, 1yr target: 17.69)

(STMP: 23.15 0.00 0.00%, vol: 0, avg vol: 167,626, 50-day: 17.23, 200-day: 14.01, yield: 8.64, cap: 330.8M, short ratio 2.70, 52wk: 10.95 – 24.10, 1yr target: 19.00)