Collective2: EVC out

Unfortunate break of 3-week support after the stock had initially managed to break $10.25 resistance. Stochastics had weakened through the 3-week consolidation and are not oversold enough to suggest the downside is done. The 50-day MA is looking like a logical support level. The 600 share lot closed for a +$612 (12%) profit.

Collective2

Collective2: IM out

I was perhaps a little over zealous raising the stop in order to minimize some of the risk. The stock did little to alter its current consolidation but did enough to hit the stop I had set. The 300 share position closed for a -$11 loss.

Collective2

Collective2: KND out

This was a double 3:1 Trade-Ideas play so the final return was quite handsome; the 300 share play closed for a +$1,158 profit (12% gain) for just over 1-months work.



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Trade Ideas Collective2

Collective2: CS out

The Trade Ideas 3:1 trade reached its 6% target. The 100 share lot closed for a +$439 profit in what was a relatively straightforward trade.

Collective2

Collective2: BLTI and PTNR out

Another biotech disappointment as Biolase Technology (BLTI) bit the dust on poor earnings. The 500 share lot closed for a -$560 loss.



Partner Communications (PTNR) was stopped out on profit taking. The black candlestick playing to form after a relatively sharp, short term ascent. The 750 share lot closed for a +$885 profit.

Collective2

Collective2: update

In light of some overbought short term market technicals I have gone with raising some of the stops of currently held positions. All bar one are breakeven or better (assuming no major gaps against).

Collective2