Welcome to my blog. A lot has changed since I started this thing. I'm now trading live after about a year of paper trading and studying. Originally I had planned on starting part time and slowly growing my account but life has a funny way of changing your plans. I found myself at a crossroads of sorts and quickly realized that I was being given a once in a lifetime opportunity to pursue my goals. I took the leap and I'm not looking back. Follow me here and see the triumphs and the losses.

Updated (08-10-16)

I tend to look for momentum trades that I can hold for anywhere from a few hours to a few days. I usually take positions of $5k to $10k in size to allow larger gains on smaller percentages (it's easier to hit a 1% to 5% gain vs a 10% to 20%+ gainer) and I like to use a trailing stop.

This blog is a way for me to log my progress and to aid me in learning, I hope that you find it useful. Financial freedom isn't given, it is earned. So plant the seeds of education and grow your pennies!

Tuesday, August 19, 2014

Seeking Alpha Article Bullish on GLUU

A new Seeking Alpha article was published today highlighting why traders may want to get in while the stock is still low.

From the article:
Stone Fox Capital

Bottom Line

The best part about a secondary in a growth stock is that it typically deflates the stock price while at the same time padding the balance sheet with cash. New investors get the opportunity to enter the stock at an artificial low with the extra security blanket of a balance sheet loaded with cash. In this case, investors had the added proof of the process working in the past and a prime example of how the company can use a small amount of cash to turn a distinguishable game franchise into a mobile winner.
The recent secondary by Glu Mobile was undoubtedly frustrating to existing investors at the time, but anybody paying attention to the balance sheet knew the possibility might exist. As with Zynga and its large cash hoard, it's really what the company does with the cash that matters as much as how it was obtained. Glu Mobile has a history of utilizing the cash cushion to further the company and investors should opportunistically take advantage of the current and future dips in the stock.
Use the recent weakness in Glu Mobile to embrace the stock as it continues to create top downloaded games.

No comments:

Post a Comment