Review Week 03/22/2021 - 03/26/2021

By iamtez -

As I had mentioned last week, we had a pretty volatile week. Lot of technology and growth stocks pulled back significantly in the early part of the week before bouncing some to end the week. As for our watchlist though, not the best of weeks but we have as many winners as losers. I had mentioned not to wait too long as charts did look pretty bad.

 

Position

Entry

Exit

G/L %

Comment

BABA Apr 01, 2021 250c

150

250

67

Started well on Monday. Got this around 236. It went close to 241 on Tuesday and I got out then.

DKNG Apr 01, 2021 75c

170

275

62

Got this on Monday around 70.7. It went to almost 73 same day so got out quickly.

HSBC Apr 16, 2021 30c

50

 

 

Got this on Monday around 29.3. Chart still looks good so I am holding it even though it pulled back later in the week.

QS Mar 26, 2021 65c

220

450

105

This one gave a great entry on Monday around 59. It ran to 64.5+ on Monday so decided to get out.

RH Mar 26, 2021 600c

350

150

57

Monday this one jumped so waited a bit. Got in on Tuesday around 515. It went down much further actually. But chart looked great so waited. Unfortunately didn’t work well as the jump came too late on Friday to almost 575. Should have got calls a week further out.

SPCE Mar 26, 2021 35c

160

100

37.5

Gapped up on Monday but nonetheless I got in around 32. But it never worked out and eventually got stopped out.

SSYS Apr 16, 2021 30c

25

 

100

Got this on Monday 27.5. It looked decent towards end of Monday but fell off the cliff like many others this week. Since I got it for fairly cheap though, I am going to let it expire.

 

The bounce on Friday was quite promising and is likely to continue next week. I will post my watchlist Sunday night. Be sure to check back in. Until then have a nice weekend.

 

ALWAYS REMEMBER TO CASH YOUR GAINS OUT OF THE ACCOUNT.

 

RED: Behaved exactly opposite of what I predicted.

 

GREEN: Behaved exactly as I predicted.

 

BLUE: Need more time for idea to materialize.

 

Disclaimer: The views and opinions expressed here are my own. Before taking any financial decisions based on these, please do your own due diligence.

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