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Strategies & Market Trends : Underexposed Technical Analysis

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To: Underexposed who wrote (154)8/15/2017 12:51:14 PM
From: Underexposed1 Recommendation

Recommended By
dan6

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Early week update - Rebound of 2.5% on portfolio in 1.5 days

Well what a difference a change of week makes. Look at our portfolio chart. In typical fashion we seem to have a bad week followed by a great week.



We are looking at a 2.5% gain so far and the week has barely started. Now of course we may lose this gain by the time the week ends but it is sure nice to see how this suite of stocks are performing.

Here is the status of each stock now.

Current Portfolio as of Aug 15, 2017




















Ticker Company Shares Price Value % Gain/loss












ETG
Eaton Vance Global Dividend income fund
590
$16.83
$9,929.70
0.48%
MLCO
Melco resorts & Entertainment
455
$21.25
$9,668.75
-3.19%
NOMD
Nomad Foods Ltd
760
$14.71
$11,179.60
12.12%
ECC
Eagle Point Credit Co. Inc.
490
$21.10
$10,339.00
3.43%
VMO
Invesco Municiple Opportunity Trust
750
$13.16
$9,870.00
-0.23%
HIIQ
Health Insurance Innovations Inc.
430
$33.75
$14,512.50
52.03%
BGCP
BGC Partners Inc.
780
$12.76
$9,952.80
5.54%


Remember last week when I was concerned about MLCO that had lost over 8% since being bought. Well it has cut its loses by half so far and looks like it will head for a profit.

Remember a couple of weeks ago when we were concerned about losing profits for HIIQ... it was $32.53 or 46.53% over where we bought it. Well it is now worth $33.75 or 52.03%

So rather than sell outright I always set LIMIT Stop-loss orders to give them a chance to recover. Well that is just what happened :)

ORDERS













HIIQ
Health Insurance Innovations Inc.
Limit
Stop loss
Trigger: $30.00
End:$29.00
effective: Aug 7/17
MLCO
Melco resorts & Entertainment
Limit
Stop loss
Trigger: $19.45
End:$29.30
effective: Aug 11/17

I obviously made an error when I assigned the End for the range for MLCO ... it should have been $19.30

That does not matter since we are going to raise those levels a bit so that if they trip we will gain more profits.

So here are our new settings for these stop orders now

Adjusted

ORDERS











HIIQ
Health Insurance Innovations Inc.
Limit
Stop loss
Trigger: $31.00
End:$30.75
effective: Aug 15/17
MLCO
Melco resorts & Entertainment
Limit
Stop loss
Trigger: $20.45
End:$20.20
effective: Aug 15/17

Now... if these stocks fall we will make about $800 more than last time these levels were set.

I should be looking for new stocks to play. After all I am sitting on $32,000 in cash for a long time. It should be invested.

I wonder if anyone is following this thread...
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