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Restoration Hardware (RH) was a Screaming Buy…

Sep 17, 2015

Two weeks ago, I recommended a buy on the Restoration Hardware (RH) November 95 calls as the underlying stock traded at an oversold $91.89. All of our technical indicators were on the floor – including MACD, RSI and Money Flow…

Today, the stock hit an intraday high of $102.48.

That’s a $10+ move in two weeks. It was enough to send those RH November 95 calls to a high of $9. If you bought in, sell to close to secure gains, as the stock begins to push into overbought territory.

Congratulations on another quick win…

 

Taking Gains: Why I Bought China…

Sep 16, 2015

About a week ago, I noted China was overdue for a bounce…

I was mocked. It happens. Not big deal. I noted that a great way to trade China here is by buying the Direxion Daily China Bull 3x Shares (YINN), the iShares MSCI China Index Fund (MCHI) and the iShares FTSE China 25 Index Fund (FXI).

We were able to buy the YINN at $18.50. It now trades at $21.20. Sell half.

We were able to buy the MCHI at $44. It now trades at $46.36. Sell half.

We were able to buy FXI at $35.70. It now trades at $37.62. Sell half.

Given the near-term volatility, I’d feel better securing partial gains on each.

 

Zumiez Inc. (ZUMZ): Another Immediate Buy…

Sep 15, 2015

The last time I traded ZUMZ it just gapped from $30 to less than $24. Incredibly oversold reads on MACD, MFI and RSI got us in as the stock found solid footing. Close to 14 days later, I was out of the trade with a gain of 186% using the August 25 call options....

And I believe we can pull a similar gain, as the stock gaps down from $22.50 to $14 a share. Again, it’s oversold on MACD, RSI and MFI as seen below. And it’s only a matter of time before it pops higher…  I want in now. Consider buying the stock up to $15 and / or the ZUMZ November 2015 15 calls up to $1.35.

 

InterOil Corporation (IOC): Buy off the Lows

Sep 15, 2015

It's time to buy IOC again, as our technical pivot points become over-extended.

Plus, Goldman Sachs just added the stock to its Conviction Buy list with a PT of $45 a share. 

Consider buying the undelrying stock up to $38 and / or the IOC December 2015 35 calls at market.

 

 

How to Really Trade Biotech Stocks…

Sep 14, 2015

Most of us who use the FDA calendar and Phase III trial dates know one thing: The price of a biotech and pharmaceutical company will go up as the date in questions draws closer.

All we have to do is trade on the anticipation of news momentum.

For example, in early September 2015, foolish investors sent Collegium Pharmaceuticals (COLL) down from $20 to $13 on nothing.

It was now oversold on MACD, MFI and RSI… on nothing substantial.

So we bought, knowing the stock was very likely to move higher as it headed into its September 11 FDA advisory panel review… and quite possibly explode on prior news that the drug met its primary endpoint, which showed a statistically significant difference in average pain intensity from Randomization Baseline to Week 12 between the Xtampza ER and placebo groups, according to the latest press release.

And then it happened.

The drug was green-lighted by the FDA panel… and popped 39% in a day.

 

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