PINS (1000@35.54) Sold After hours at 39.53.
Crappy entry for a long term hold. Was underwater for most of the holding time.
Crappy entry for a long term hold. Was underwater for most of the holding time.
Swing Trading the ARK Universe
- Thread starter Bad_Badness
- Start date
Bought 500 SBUX @73.50 as a replacement for PINS.
Weekend update.
IRDM looks like it will recover soon. Maybe more "satellite" company consolidation will occur, and it is in play. Exit target is 37.50. The 200 MA test and a measured second wave.
RPTX seems to have bottomed for now.
HOOD: Low volume consolidation. If it tests 16.00-16.50, will double position for longer term hold.
Wait for either RPTX to show life, or IRDM exit before new positions. Busy doing other trading right now.
IRDM looks like it will recover soon. Maybe more "satellite" company consolidation will occur, and it is in play. Exit target is 37.50. The 200 MA test and a measured second wave.
RPTX seems to have bottomed for now.
HOOD: Low volume consolidation. If it tests 16.00-16.50, will double position for longer term hold.
Wait for either RPTX to show life, or IRDM exit before new positions. Busy doing other trading right now.
Bought 500 Unity (U) @ 22.16. Will look for the recovery pop. The 22 area seems to be holding.
How can you be sure there will be a recovery pop? 
I looked into Unity ages ago as I had noticed a lot of my favorite games were built with it. This was before I even knew ARK was buying. Unfortunately, things just continue to get worse and worse with this company, so I stayed out.
Too many red flags would happen, and the last time I checked back for further due diligence many months ago, the CEO was in hot water with many people trying to jump ship and boycott due to the surprise change in subscription fees, etc. shenanigans.
Looks like they still just lose, lose, lose money spilling out of the boat. Missing every earnings report, and sometimes by a LOT.
I looked into Unity ages ago as I had noticed a lot of my favorite games were built with it. This was before I even knew ARK was buying. Unfortunately, things just continue to get worse and worse with this company, so I stayed out.
Too many red flags would happen, and the last time I checked back for further due diligence many months ago, the CEO was in hot water with many people trying to jump ship and boycott due to the surprise change in subscription fees, etc. shenanigans.
Looks like they still just lose, lose, lose money spilling out of the boat. Missing every earnings report, and sometimes by a LOT.
Update:
Haha Yes Unity is a dog! It happens. That is why I did not buy a full allocation. Did only 11/25th and did not buy more.
But Wait. There are more dogs. RPTX is sucking too. IRDM another hound. So yes it happens. The rotation is happening now, so I will wait and sell at a reasonable loss or BE.
OTH hand, did a 1.5x allocation on TEM and it is up about 60%, and HOOD at 2x allocation and up about 70%.
So looking over the PL, Will be adjusting the strategy. Going stay away from straight Biotech, again. I used to NEVER trade it years ago. That was a good idea, just ignored it. Just can't condone the news driven nature. OTH TEM could be considered Biotech, but it is more life sciences IT.
Going to start focusing more on the IPOs. Speaking of which, picked up a 90% allocation of Alab. Probably going to exit with a small profit this week or next. it is just basing for too long.
(Allocation are 25K increments)
Haha Yes Unity is a dog! It happens. That is why I did not buy a full allocation. Did only 11/25th and did not buy more.
But Wait. There are more dogs. RPTX is sucking too. IRDM another hound. So yes it happens. The rotation is happening now, so I will wait and sell at a reasonable loss or BE.
OTH hand, did a 1.5x allocation on TEM and it is up about 60%, and HOOD at 2x allocation and up about 70%.
So looking over the PL, Will be adjusting the strategy. Going stay away from straight Biotech, again. I used to NEVER trade it years ago. That was a good idea, just ignored it. Just can't condone the news driven nature. OTH TEM could be considered Biotech, but it is more life sciences IT.
Going to start focusing more on the IPOs. Speaking of which, picked up a 90% allocation of Alab. Probably going to exit with a small profit this week or next. it is just basing for too long.
(Allocation are 25K increments)
It's your call mate. But if you have a background in it, the CRISPR revolution does have some promise and is showing real cure cases right now. Many more innovations likely to come...
I don't consider CRISPR put biotech. More infrastructure, which I do invest in.
That being said, Buying more HOOD today.
Also bought some RDDT: 500 at 18.36 Probably 1 or 3, but need to wait a bit more.
FWIW: RPTX and SBUX get upgrades.
That being said, Buying more HOOD today.
Also bought some RDDT: 500 at 18.36 Probably 1 or 3, but need to wait a bit more.
FWIW: RPTX and SBUX get upgrades.
Buying IRDM Adding 200 here.
Bought both double bottoms on SBUX.
Looking to escape ALAB soon.
HOOD went to BE and back to a good gain. Seems like a swing tradable stock.
Bought both double bottoms on SBUX.
Looking to escape ALAB soon.
HOOD went to BE and back to a good gain. Seems like a swing tradable stock.
TEM breaking out. Long 1200 at about 28. Will wait for the blow off top and then close the position.