Wednesday, August 7, 2013

Day Trades

Holding DATE and WPCS, WPCS is a late day mover so watch it toward the close. DATE is a longer term Chinese Match.com play. Over 90 million users and growing, the P/E ratio does not accurately portray the growth story, probably due to the hesitancy of investing in Chinese companies. I hesitate too but some Chinese companies are legit. Sold PERI options for a loss, lesson learned: do not speculate on buyouts bc they never happen when expected. Looking at KORS, at $69.40, great earnings and increased guidance, Goldman ups it's $90 price target to $100. Bought LQMT at $.155, order to sell at $.165, good till cancel, seems like an easy play, easiest trade ever!!! Took out the $.165 in less than 30 minutes for an easy 6.5% gain. Awesome. Stop loss on WPCS at $3.60, if it hits my stop loss I am still up over 10%, trade to make money!

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