GPRO announces drones and virtual reality camera in development. Up 5% in pre-market over recent resistance and heading to our short-term target of $57-$58. I plan to sell some covered calls on this at the open. I also shaved off a few shares in pre-market as I will attempt to trade around my core and buy those shares below $56 later today
BLOX earnings after the close. Will post estimates and may be hosting a live-blog here at 4:30pm. We are long with the recent breakout over resistance. Targeting upper $20s in the near-term.
SLTD and HOTR both at a NYC microcap conference this morning. This should light a fire under both stocks the rest of the week but beware an upcoming secondary from HOTR. Maintaining a significant long position in both but recently dramatically cut back on HOTR shares taking huge profits with an eye towards re-entering after the secondary is announced. I will try to post updates on any new information from these meetings in the live chat room.
NEON – I don’t know all too much about this stock but contributor Aaron Faulkner wrote up a piece on this and he got me into it as I also like the technicals. Yesterday the stock broke back above $4. Long commons and calls and short a few covered calls.
I’ll also be eyeing YHOO weeklies if it drops far below max pain and will be watching JAKK and FXCM closely. Check out the list of stocks in the menu bar. I’m long all of those stocks.
It’s an action packed day! Join Storytrading.com now and you can access more data on each stock and you can live chat with me throughout the day at no charge.
Today will be exciting!