Legacy Trades

There’s an old adage on Wall Street about there being “dozen’s of reasons an Insider may SELL his/her own stock but there’s only one reason they BUY it … to make money!” That adage, while true, only partially outlines the work you need to do to maximize your probability AND profitability when employing an “INSIDER PIGGYBACK STRATEGY.” Knowing who, historically, has been an astute & highly profitable – legal – Insider Trader (and who to avoid), what % of their TOTAL position are they adding (SIZE), buying cheaper than “they” have (COST) and PAIRING that knowledge to an FA + TA = PROFITS trade plan is how to make the BIG SCORE.

INSIDER PIGGYBACK IDEA – Initiated: February 27, 2013 (Sample)

Let’s take a look at a slow, unexciting, low volume SWING TRADING prospect that would demand a 9-12 month trading time horizon to maximize gain prospects & play out using FREE INFORMATION from $YHOO Finance & Finviz anyone can access. For more in depth scoring histories & deeper detail head to SUBSCRIPTION SERVICES: http://legacytrades.com/?page_id=11

Intevac, Inc. ( $IVAC ) provides process manufacturing equipment solutions to the hard disk drive industry, and process manufacturing equipment and inspection solutions to the photovoltaic industry. The company operates in two segments, Equipment and Intevac Photonics. The Equipment segment designs, develops, and markets magnetic disks; hard disk drive equipment products, including disk sputtering and disk lubrication systems; technology upgrades; and spare parts and consumables, as well as installation, maintenance, and repair services. This segment also offers capital equipment for the photovoltaic solar manufacturing industry. The Intevac Photonics segment develops, manufactures, and sells digital-optical products for the capture and display of low-light images and materials identification used in military aircraft, ground vehicles, ground soldier head-mounted, and weapon-mounted applications. This segment also provides sensors, cameras, and systems for military applications; Raman spectrometer table-top and handheld systems for use in forensics, homeland security, geology, gemology, medical, pharmaceutical, and industrial quality assurance applications; and low-light cameras for industrial inspection, bio-medical, and scientific applications. The company sells its products through direct sales force, system integrators, distributors, and value added resellers in the United States, Asia, Europe, and rest of world. Intevac, Inc. was founded in 1990 and is headquartered in Santa Clara, California.

TECHNICALLY SPEAKING

DAILY CHART – Truth told, there’s nothing pretty about this daily for $IVAC. Save for a short term, SCALP trade (using the 52 week low of $4.06 as a break & close below STOP), there’s little attraction to a long.

MONTHY CHART – More truth told, the monthly for $IVAC is little better. The stock looks left for dead but, perhaps, for SWING PLAYERS, there’s some attraction at the prospective R(isk) : R(eward) Ratio using a clear STOP (break & 3 consecutive days of close below near decade lows), paired to ‘improving FA’ & recent insider buys.

FUNDAMENTALLY SPEAKING 

SALES – No delusions of grandeur, this is a very tiny, niche player that expects to see anemic REV growth in FY’13 @ +3.2%, generating sales right around 20MM per quarter. YoY comparisons show pretty healthy DECLINES in sales growth, however, traders trade FUTURE PROSPECTS and, as you note below, the Company expects REV growth in FY’14 of nearly +50% and a review of SEC filings pertaining to contract wins & renewals appears to support “some growth (albeit the +47.9% remains to be seen).”

PRIOR EPS – Peaking in at the last 4 Q’s of EPS, well, there is none. $IVAC loses money. The “good news,” they’re losing less than expected and for a name that has no debt & $2.76/share in cash with the stock currently priced @ $4.30 & the ability to lever, if needed, with growth prospects on the horizon, the trend of smaller losses is somewhat encouraging.

FORWARD LOOKING EPS ESTIMATES (fEPSe) – The past is the past, money is made putting out capital following an evaluation & due diligence based on FUTURE prospects and performance. While $IVAC has substantially lowered their FY’14 fEPSe, one notes that they’ve “kitchen sinked” FY’13, en route to an estimated ($0.82/share). This comes in hand with multi-year trading lows in the name. What you’re looking for here are REVERSAL prospects denoting healthier days lie ahead. The Company sees EPS moving from ($0.82) in FY’13 to +$0.01 in FY’14. Given a history of smaller losses, the soundness of the balance sheet & the insider buying, we’d say there’s ample clues that the direction of the turn around prospects are intriguing.

INSIDER BUYING – The fact is, this crop of insiders aren’t the sharpest buyers on the block. Beginning in May 2012, no fewer than 5 corporate executives (a Director, an EVP, a VP of Finance & Administration, the CEO / Chairman and the President) began nibbling. One poor dolt initiated his L: $IVAC @ $7.56 – $7.59. A pair of executives followed suit in August 2012 @ $5.42 – $5.56 while one took a light & foolish stab L: in September 2012 @ $6.20. Two executives did some year end work L: in November 2012 @ $4.81 – $4.90 but we’re most interest in recent February buys – notable because a cautious Director with a history of successful ADD’s tacked on 20% to his holding – between 4.20 & 4.31.

TRADE ACTION

This is no barn burner, just a lower-”ish” risk SWING TRADE name you can look up with a tight STOP. The MACRO sector this name operates in has begun to yield some catalysts and specific or MICRO to this name, you’ve got several components of interest; an “improving” EPS history in the form of consistently lighter than expected losses over the past 4 Q’s, the prospect of a return to EPS positive in the forward year FY’14, insider buying from multiple executives who, as the stock trades at near decade lows are adding a large % size to their total holdings paired to the prospect of a TA “double bottom” that allows for a STOP on a violation of the pattern should $IVAC trade & close below $4.

We rarely find the need to PAY MORE than what an INSIDER has but in this case we’re willing to pay a little more than the $4.20 to $4.31 recent buys so we’d propose;

SCALE SWING L: $IVAC @ 4.40 (lighter) down to $3.90 (heavier). The target cost basis on a full position would be 4.05. We would STOP the trade – based on a full position – on a break & close below $3.65 for a loss of @ -9%. The time horizon for the SWING TRADE would be 9-12 months with loosely stated TARGETS of $6.10, $8.20 & $10+.

Twitter is full of clowns, fakes & posters (“CFP’s”) that some – even well followed & good people (such as a former trader & risk manager from $GS who posts regularly) – get punk’d by. One such CFP example is @HedgeStrategy. We misstepped & Reco’d this account before, however, we correct the mistake – admitted a wrong – and retracted the Reco with an “Unfollow + Why.” It seems many have forgotten the “why” but as Joe builds yet another of his “1,000%, 5,000% up to 20,000% position size hoax trades,” it’s a good time to revisit why we took such action over 1 year ago.

THE PROBLEM: OVERREACHING & HAVING NO CONCEPT OF RISK MANAGEMENT (wanting to make a “statement”)

Consider the following: At various times, @HedgeStrategy takes VERY concentrated, HIGH CONVICTION positions & there’s nothing wrong with that …. so long as you define risk, right? Step #1, check his stream & try to find even the hint of a STOP (defined RISK). Nope. Negative. Troublesome.  Next, have you ever actually taken a pencil to what a “1,000%, 5,000% or 20,000% sized position” would mean relative to a REAL MONEY portfolio? If you have, you’ve already clicked this CFP’s “unfollow” button but for those of you “captivated by the conviction,”  let’s actually check the AUM “tail of the tape.” This is where things really go rogue.

THE BREAKDOWN

*Presume Total AUM = 100% or $10,000,000.

*Presume Total FUTURES or CURRENCY Allocation of Total AUM = 10% or $1,000,000. Joe “allegedly” runs a Long, Short, Market Neutral Hedge Fund and invests across asset class including but not limited to – depending on charter – equity, options, debt, futures, currency, horses, lamps, glass blown dildos & all sorts of other “exotic instruments.” In all cases, the “Futures and/or Currency” allocations – as they’re levered trading instruments carrying HIGH RISK – is going to get just a small cut of the Total AUM.

*Basic Math: A total “all in,” 100% sized FUTURES or CURRENCY trade = 10% of Total AUM or a $1,000,000 trade putting 10% of the Total AUM at risk …. HOWEVER;

What happens when you GOOSE a total “all in,” 100% sized FUTURES or CURRENCY position or 10% of Total AUM ($1,000,000 out of your Total AUM of $10,000,000) up to a 1,000% trade size?

*WHAT HAPPENS IS YOU GET 100% OF TOTAL AUM (10% total Futures or Currency AUM x 1000% position size = 100% of TOTAL AUM) IN THE ENTIRE FUND, ON MARGIN, ON LEVERAGE BAKED INTO ONE FUCKING TRADE …. also known as “a hoax.”

A BETTER WAY

We’re not financial advisers or brokers or Estate planners & everyone has to manage + allocate their AUM in a way that suits their risk tolerance, age, personal situation, etc. Many of you – who manage outside money, which we do NOT – must take into account Sharpe Ratio & the like (my buddy @MicroFundy wrote a great article on this) but I can assure you, as the day is long, that NO real world money manager, trader, HF or PM ever has 100% of their Total AUM in ONE trade and if you find someone @ the Bar or Hockey Arena or in an Airport or, certainly, on Twitter who says they are, well folks, that there is the “mark” of a liar, a loser & a no asset having chimp ……… and that’s the bottom line.

Look, maybe guys like @reformedbroker who can go on “Fast Money” and scoff at a 56% misstep SS: $NFLX from October & laugh have the game all figured out but FOR THE REST OF YOU, REAL MONEY TRADING FOLKS, you know that with real money on the line you can’t “afford” even properly allocated trades hitting you for -56%. Our plight is simple; we run real money. We use STOPS. We define thesis along with scale entry range, target basis & price objectives like ALL PM’s who run real assets. We can’t tolerate -56% losses. We can’t take a @HedgeStrategy “all in, 100% of my Total AUM Fund value” in one trade because we manage risk & allocate assets properly.  If you want to stay in the game, you should too! 

Interested in seeing what asset allocation looks like on $10,000,000 trading across just four products; Real Estate, Equity, Options & Futures?

https://docs.google.com/document/d/1JDKIrk9pVJqjUgG8kzdeJUU2FJowS12hYUjw0cB0-SY/edit

REAL MONEY, REAL TIME:

We are presently SWING SS: a 62.5% position in $ES_F @ 1471.25. The trade is down. We trade with (as posted above) 12% of our Total AUM in our SWING Futures account, meaning IF we were to take our SWING SS: $ES_F position to 100% size (currently @ 62.5%) and LOSE 100% on the trade (there is no way, with a noted STOP, we’d lose 100% in any trade but we’ll humor you with the basic math) our Total AUM would suffer a draw down of 12%, however, if you’re running one of Joe’s Hoaxes at 1,000% size & the trade got clipped, well, you’re pretend Fund, like his, would be at $0.

Markets, across the board, showing resilience & bull defense of $ES_F @ 1460 & $TF_F @ 870 (877 nearer term). Noticed that nobody caught yesterday’s announcement from Germany that they’ll see 0% GDP growth in FY13. We’ve known the UK economy’s toast but, now, the “pillar of strength” in the EU – Germany – is quietly slipping into recession. Oh, yes, back home here …. well …. this week brought slashed, forward looking, FY13 growth estimates for the US too but the backward looking releases of Q4’12 EPS have largely beaten expectations & taken up most of the MSM “headline space.”

Interesting – potentially – actionable pieces of news paired with trade ideas for the day.

- $RIO:  Tom Albanese spent over 20 years w/ RIO but even a good soldier is sometimes excused for conduct unbecoming ……. and a 14B write down tied to two of your firms largest acquisitions done, principally, to fend off your bitter rivals ( $BHP ) acquisition overtures - regardless of price or “fit” – yeah, about that …….. that gets you canned. Look, this sector “isn’t ready” for the deployment of any serious money & RIO had just a miserable year (3 straight 20%+ EPS misses & generally dreadful execution) but there’s a trade in here somewhere.

THE ARTICLE:  http://dealbook.nytimes.com/2013/01/17/ceo-replaced-as-rio-tinto-to-book-14-billion-write-down/?partner=yahoofinance

THE ACTION: The sector is not yet attracting LT “pro money” for the simple & basic reason noted at the outset of this post … global growth is slowing, not expanding, and “pro money” will only begin kicking around this sector on data showing signs of stabilization / trough slowing. That said – and management shake up aside – valuation is reasonable @ RIO; trading currently @ fPE: 7.5x vs FY13 EPSe growth expectations of +23% with manageable debt, ample cash & a fair 3%+ yield. Sure, the PEG: 2.7x is a little rich but you’re working this name as more Spec(ial) Sit(uation) than trade pure play. The name is most attractive on our desk SWING L: RIO 48 – 50, stop on a close @ 43-, however, Scalp traders may want to trade @ the 50SMA near 53. Scalp L: RIO 51 – 53, stop on a close @ 48-.

- $BA:  We’ve discussed Boeing on the stream before and – aside from chop stocks ( $HDY, $HEK, $STSI, $NTE, $CCME, $LIWA and on & on & on) or “negative” posts re: $AAPL – no other posts received more ire. People seem to love their BA. Our view remains the same (so hate away); there is no other US business, beyond the USPS, that is more of an embarrassment. Formerly a US source of pride showcasing engineering expertise, ingenuity, toughness & top quality work, Boeing has withered into a Company we’re forced to “applaud” when they deliver a substandard product, two years late & a billion plus over budget. In the bigger picture, it speaks to the US educational drain. It’s a “lightning rod” topic, for sure, but ask yourself …. why applaud costly & bloated, delayed and all around mediocre performance? We don’t & won’t.

THE ARTICLE:  http://www.bloomberg.com/news/2013-01-17/boeing-787-groundings-trace-to-one-of-a-kind-technology.html?cmpid=yhoo

THE ACTION:  This one’s simple on the break of 74; avoid or short it. Stop on a close @ 78+ & ride this dirt pig to 72.25-, 71.40-, 69.70- & perhaps even 68- as your “final cover.”

- $XLF:  Financials printing EPS this week fast & furious; revealing a very reasonable # at $JPM, weak internals plaguing an otherwise “headline happy” print @ $BAC while $C remains the junk of the block, unable to get out of it’s own way. Meanwhile, as you all saw $GS blow the doors out (yet, you’re too afraid to buy breaking out L: $MS which is cheaper) you may have missed that ETF warehouse $BLK posted impressive metrics across the board ($0.26 EPS beat, 12% dividend raise, increases buyback, + fwd outlook).

THE ARTICLE:  http://www.bloomberg.com/news/2013-01-17/blackrock-profit-rises-24-as-etf-deposits-boost-assets.html?cmpid=yhoo

THE ACTION:  What a beautiful chart on $BLK since basing throughout June, July & August in the 160 – 170 window, however, it approaches fully valued & should only be marked on a pull back. FA shows a name trading fPE: 14.7x vs FY13 EPSe growth expectations of @ +13%, P/FCF: 24x carrying a PEG: 1.4x. Debt here is very manageable, Company carries ample cash & with today’s yield bump, you’re getting close to a 3% dividend. Again, all fair but approaching “full.” Look this one up for a Scalp L: only under 210 & there’s no need to be a serious Swing L: player until 200-. Yes, the stock’s trading 225 & perhaps 210 & 200 seems silly. Patience grasshopper, patience. You’ll get it.

TWO FOR THE ROAD

1. What are our two favorite Swing L: FA + TA = BIG PROFITS trades?

Swing L: $REGI under 6.25, favor target basis L: @ 5.50 and stop on a close @ 4.30-. Swing L: $FTEK under 4.50, favor target basis L: @ 4.00 and stop on a close @ 3.10- (DISCLOSURE: Author is Swing L: $FTEK @ 4.14).

2. What are our favorite Scalp L: FA + TA = BIG PROFITS trades?

In a “right here, right now” kind of way: Scalp L: $MGAM & Scalp L: $SHFL. In an “on a pull back” type of way: Scalp L: $INVN & Scalp L: $SURG.

Finally, let’s not neglect the S(hort)S(ide) shall we.

“Four to Fade” have already begun working – wait on further attack in each on “pops” or “rips” – Scalp or Swing SS: $FSLR, Scalp or Swing SS: $CRM, Scalp or Swing SS: $WGO, Scalp or Swing SS: previously noted $XHB names (NOT the $TOL or $DHI though).

We won’t lament, whine or comment on the drubbing we took with our NFL wagers this weekend, instead, we’ll share a couple – potentially – actionable pieces of news & pair it with some trade ideas for the day.

- $AAPL:  Although we rarely, if ever, trade it & STILL produce 4x+ returns of the many Eeyore’s who day trade it, the AAPL news will be all over the MSM & Twitter stream. In case someone on your stream hasn’t already RT’d it 1000x, the jist is that AAPL has cut iPhone PARTS orders due “weak demand:”

THE ARTICLE:  http://online.wsj.com/article/SB10001424127887324235104578241051730364998.html

THE ACTION: For us, none. For those who day trade for a living, trade the technical’s because there’s virtually no argument an FA guy/gal could make – TODAY – with AAPL’s balance sheet or valuation, suggesting it’s rich or should be shorted (the name, however, on a LT basis can very easily be argued Swing SS: by FA players, predominantly, on margin compression, lack of new product visibility & peak sales).  If we had to guess, the stock breaches into the 490′s today, however, this “news” may also produce a “Facebook moment (wherein everyone was Scalp SS: heading into the lock up expiration & the stock subsequently RIPPED higher, sheering Scalp SS: faces off along the way).”  Participation in AAPL, for those who put real money on the line, is likely best done post (they’re next) EPS print (regardless as to whether price has ripped higher through 550+ due to a beat OR down around 470- because Tim Cook produced yet another miss).

- $HWD:  Swatch Group – which trades on the Pink Sheets – makers of those wildly colorful watches we pimped in the 80′s, apparently, is still in business & miraculously has enough coin to pay $1B ($750MM cash, $250MM assumed debt) for Harry Winston’s watch & jewelry brands. Impressive. This pretty much leaves HWD as a pure play diamond company … unless they have plans to release a smartphone, electric car or some sort of solar panel.

THE ARTICLE:  http://www.reuters.com/article/2013/01/14/us-swatch-harry-winston-idUSBRE90D08F20130114

THE ACTION:  Trading @ 14.46 on Friday’s close, HWD traded fully valued on FA; sporting a fPE: 25x vs. expected FY13 EPSe growth of +20%, a PEG: .93x & priced at 33.5x free cash flow however, the TA + this deal make for an interesting Scalp L: trade. A late December plunge through the 20 & 50 SMA’s halted right on LT support @ 13.20 & the stock immediately rebounded, recapturing both the 50 SMA @ 13.95 & the 20 SMA @ 14.05. Energy & volume, especially on a closing basis, above 14.75 – 15 suggests that risk : reward favors higher (like, 16+ higher vs. STOP of 13.25-).

- $UPS:  The #1 package delivery company in the world (no, it’s not $FDX) looks like it’ll be forced to drop the 6.9B acquisition bid for Dutch based TNT Express. European regulators muddied the waters for UPS & were expected to block the deal, leaving $UPS on the hook to pay a 200MM Euro termination fee. Cost of doing business & taking risk, ouch!

THE ARTICLE:  http://www.businessweek.com/news/2013-01-14/ups-says-it-expects-eu-regulators-to-drop-tnt-acquisition

THE ACTION:  This news wasn’t “secret,” obviously, look @ the chart & trading in the last 3 days; stocks ripped from 75.90 to 78 “just because.”  We’d guess there weren’t any funny options trades either but I’m too lazy to look / confirm that thought.  Trading @ 77.92 on Friday’s close, UPS traded fully valued on FA; sporting a fPE: 15x vs. expected FY13 EPSe growth of +11.8%, a sky high PEG of 2.32x & sported a lofty 28x price to free cash flow.  Though saddled w/ the 200MM Euro termination fee, that’ll be no problem for UPS, as they sit w/ nearly $9.50/share in cash + marketable/liquid securities. On TA, this name offers you a two way trade – depending on your proclivity. A Scalp SS: would look @ the 79 – 80 level & see a double top in UPS, which is also stretched / extended well above all relevant SMA’s (20, 50, 150, 200). The name is STRAIGHT UP nearly $5/share or 7% in the new year. Conversely, Scalp L: players will tell you to look at the strength in the broad tape & this particular chart in the new year & buy that breakout over 79 – 80.  I hear there’s a lot of guys/gals who make money doing that, maybe you’re one of ‘em …. I never met one though.  Regardless, this isn’t a name we’ll trade.

IF NOT THE AFOREMENTIONED, WHAT MIGHT YOU TRADE?

The markets are hot, led by the Russell ($TF_F) which is running amok like a scalded chimp. Protection is the order of the day & for the brave, like us, you Scalp SS: vs. a break & close over 1474 (we are SS: $ES_F & the Nasdaq via $QQQ Jan puts, as posted).

The BEST names worth a look ON PULL BACKS are those that don’t just have a good chart … they also have good fundamentals.  Look no further than the great numbers coming out of Ag Chem & Farm Equipment.  As $CAT & $DE were toiling in the litter box, we pointed you to L: $MNTX as it offered exceptional value on FA & sat at a tradable + well defined TA apex @ 7.10. The name proceeded to rip right out of the apex to 8.50+ for a lovely 19.7% gain in under two weeks. Suggesting folks rim some is prudent, let it come in a little, and look to participate again should it pull back under 8. If you missed $MON, we handed you $TNH (an SMA cluster + well defined TA apex trade at December’s end, with great underlying FA + yield, if there ever was one) @ 215-218 & $UAN @ 25 (staging to breakout above 27 when priced cheap on FA + offering a nice yield to mitigate risk) & both ripped higher, trading @ 254 & 27.75, respectively, dishing you sweet gains. Again, be prudent & trim a little off your trade – reloading, if you like, on a pull back (for $TNH @ 235- & in $UAN @ 26.75-). The FA in each of these names AND sectors are strong, the TA is very “readable (clean entry & stops)” & let FA + TA reward you with BIG PROFITS.

Finally, if those don’t work for you, do some work on a few of these symbols. We’re certain you’ll find several out sized gainers in the pile:

$GKNT, $PDFS, $AOS, $WGO (short), $HLF, $POWR, $KLIC, $YNDX, $MGAM, $INVN, $PRAA, $REGI (already ripped, let it come in a little), $PACW, $CDNS, a @PhilipEtienne notable $SXL, $SURG, $UA, $MRVCD, $ORBC (already ripped, let it come in a little), $DHI (watch reaction in this $XHB name in response to upcoming EPS print @ $LEN), $CTCT, $EGHT, $EZPW, $PIR, $SHFL, $SLCA (already ripped, let it come in a little), $TCRD, $XXIA or $FSLR (short).

HOT HEAT – Things really got cooking, from an “idea flow” stand point in what most call Garbage Time of year end market trading.

As we’ve done for years, we shared regular DAY / SCALP trading in $ES_F & $TF_F posted & stamped, live & in real time, seeking R(isk) : R(eward) Ratios that skew in the day traders favor, targeting -1 or less : +3 or better. “Garbage Time” provided some excellent opportunities to add to your Christmas gift giving cash haul.

Year end DAY / SCALP and HELD – Core Equity & Option portfolio changes were done with an eye on the change in tax landscape; this meant more selling than buying along with a proper dose of updating. These were also posted & stamped, live & in real time, just as they have been for years – Good, Bad or Flat. We added to Scalp L: $SPY Jan 140 puts (Dec 18) and were fortunate enough to sell a portion of the holding – albeit short of target – (Dec 27). We updated, as planned, you of our ADD to Swing L: $DRAD (Dec 18) & started a new Swing L: $MKL on it’s cascade toward strong support @ 425 following a large M&A deal (Dec 19 & 20). The market gave us continued opportunity to scale down size in HELD – Core L: $ICAD for big gains +94 to +108% (Dec 20 & 21) & L: $RIMM +87% (Dec 20). For the life of us, we couldn’t get a price on L: $SHOR (Dec 21) but we provided trade plan updates all the same, as we did for L: $FTEK (Dec 17 & 18)

Finally, while we did little in the way of MACRO thinking or commentary around the holiday, we did look in on Truckers $RUSHA & $CVTI (Dec 18) & revisited $NAV (Dec 19) while peaking in on $XHB data again (Dec 19 & 21), however, we opted for reflection & soul searching as a result of the tragedy @ Sandy Hook Elementary School. In our opinion, there was no greater summary post on the matter than that which was shared by PhD Psychologist & Trader @attitrade (Dec 16). Individual TRADE RADAR name reviews picked up as we headed into the New Year & there were some real under followed gems – Long & Short – we hope you profited from; $GKNT (Dec 18), $PDFS – $AOS, $WGO, $HLF, the $MBI vs $BAC (which Todd Sullivan so atrociously ‘legally opines on,’ as a non-lawyer), the power of $POWR > $PWER on FA + TA (all Dec 19), $KLIC updates (Dec 19 & 21) & our very own version of a “Tweet Show” focused on Fundamental Analysis (FA) with special charting guest @TheFibDoctor weighing in on Fibonacci Technical Analysis (TA) on L: $MNTX (Dec 20). The following week brought MORE HOT HEAT with reviews of $YNDX (Dec 22) and a nice smattering of under followed gems $MGAM, $INVN, $PRAA, $REGI, $PACW, $CDNS & a @PhilipEtienne notable $SXL (all on Dec 24). Additionally, $SURG, $FSLR, $MU, Einhorn’s terrible trade in $MRVL & a ‘reveal’ of one of our “Stocks of the Year for 2013″ L: $MRVCD were discussed (Dec 27), along with $ORBC, $DHI, $CTCT, $EGHT, $EZPW, $PIR, $SHFL, $SLCA, $TCRD and $XXIA all offered up on New Year’s Eve (Dec 31).

ALL POSTS:

https://docs.google.com/document/d/1h7ceABVYHzB9hS6gCw7NcbFhKxQ-orrc72THj1F3i0k/edit