I recently started a stock picks group where I share all of my stock trades in real time, communicate to members what stocks I buy and sell, and give analysis on the stock market. I also highlight key pre market and after hours news and just try to create a daily trading plan so that we can all make money. I also highlight long term stocks to buy and hold because not everyone is a short term investor. Most importantly, I share with members the right way to trade and invest so they can make more winning trades and avoid losses.
Peregrine Pharmaceuticals, Inc. (PPHM) - Peregrine Pharmaceuticals, Inc. (PPHM) was a stock I bought two weeks ago at $3.97 after the huge drop. PPHM wasn't doing much on Monday so I decided to sell at $4.10 with the hope of buying lower. While I still made a nice profit, PPHM closed near $5.40 on Friday!
Samson Oil & Gas Limited (SSN) - After the drop from $1.37 last week, I decided to buy SSN stock at an average of $1.135. I didn't like the way the stock was trading after I bought it so I sold at $1.11 for a minor loss.
REEDS, Inc. (REED) - REEDS, Inc. (REED) was my best trade last week. I bought REED at $5.82 after the huge pullback on Tuesday and sold on Wednesday at $6.15. REED is a buy on all major pullbacks.
Groupon (GRPN) - I bought Groupon (GRPN) on Wednesday at $5.07 and ended up selling at $5.07. I only lost commission so it was a very minor loss. GRPN may have finally hit a bottom with the mobile payment news out this week.
BioFuel Energy Corp. (BIOF) - I bought a small position in BioFuel Energy Corp. (BIOF) on Wednesday at $7.4 and could have sold for a profit multiple times but this momentum stock has the potential to pop at any time. Attempts to average down were not successful last week so I will decide on Monday whether to buy more or sell.
It was a fairly uneventful week in the stock market so I didn't do as many trades as I usually do. Volatility has been sucked out of the stock market recently so you really have to be careful buying because trading a dull market can hurt you. Things will pick up in a few weeks when earnings season returns.