Monkey See Monkey Do: LSG

With the markets seeming to like the color red recently it isn't all that surprising that Gold has stayed in the green or at least level. Luckily for me, that helps my position in $LSG which has seen some minor gains since I placed the trade. I'm hoping to take profits around the 10% to 20% gains area.

 1 Year Chart: +264.52%

YTD: +126%

6M: +73.85%

3M: +37.80%

1M: +8.65%

5D: -0.88%

1D: +1.80%

VP of GLUU Sells 37,596 Shares: Good or Bad?

Well my 2nd position in $GLUU continued to drop today and has continued to make me cringe at the fact that I broke another rule (releasing my 8% trailing stop) The position now sits with a nasty -30.48% loss totaling $74.93 in unrealized losses. 

Several traders on StockTwits that are pro GLUU and sitting on long positions too have pointed out that this ticker's history shows large drops post ER and then nice climbs to higher levels a while later. This and the positives within the company itself has reinforced my belief in holding long. Such as profits, products, the recent acquisition of a profitable company, etc.

But with all that said, I was sent an email announcing that the company's VP had just sold 37,596 shares... I'm now wondering what this says and how it will effect the ticker in the next few days.

I'm guessing that it could be profit taking on the VP's part, but it seems odd to do so now, why not back in the 7s? 

Could it mean that the VP is getting ready to leave the company? Not sure.

Analysts Updates for GLUU & LSG

Data From Flashratings.com

Glu Mobile (GLUU)

Median Target Price $8.00 (39% Upside)
Positive Ratings 75% of 4 Analysts
Day Range: 7

07/31	Stifel Nicolaus	buy	$8
07/31	Canaccord Genuity	buy	$8
07/31	Northland Securities	accumulate	$9.5
07/31	Benchmark	hold	$7.93

Lake Shore Gold Corp. (LSG)

Median Target Price $1.50 (37% Upside)

Positive Ratings 60% of 5 Analysts

Day Range: 30

07/31	M Partners	buy	$1.65
07/23	Haywood Securities	buy	$1.4
07/15	CIBC	sector perform	$1.5
07/10	TD Securities	buy	$1.65

New Avatar Charater

For a long time I've used the Doofenshmirtz evil scientist character as my avatar... but I've decided to change that up in honor of what I'm attempting. I now have two businesses up and running, Blurbeo.com and PennyPumpPro.com and I'm actively trading. The process is slow to start, but I'm on the road to financial freedom and that deserves a worthy cartoon character...

So with that said, I give you Mr. Krabs my new avatar :)

Trade #6: LSG

I decided to enter into trade #6 today with another momentum play. $LSG has shown a nice upward movement for several months, the above chart is the 3 month @ day chart. Yahoo shows the 3 month chart with a 32.93% gain.

The company seems to be doing well and is breaking earning records. Not much chatter on StockTwits however.

The position isn't huge, just 198 shares, but I wanted to ensure that I could have my 8% trailing stop in place from the very beginning should it collapse on me. 

From a recent article on LSG:

Second Quarter 2014 ("Q2/14")

• Record production of 52,300 ounces, 70% increase from second quarter 2013 ("Q2/13")
• Record gold sales of 53,500 ounces, close to double the 27,600 ounces sold in Q2/13
• Cash operating cost(1) per ounce sold of US$556, 39% better than US$908 in Q2/13
• All-in sustaining cost(2) per ounce sold of US$784, 38% improvementfrom Q2/13
• Total production costs(3) of $32.5 million compared to $26.0 million in Q2/13, reflecting significantly higher volumes
• Cash and bullion increased $14.3 million in Q2/14 to $53.4 million at June 30, 2014

Six Months 2014 ("6M/14")

• Record production of 96,900 ounces, 79% increase from first six months of 2013 ("6M/13")
• Record gold sales of 96,500 ounces, 80% increase from 53,700 ounces sold in 6M/13
• Cash operating cost per ounce sold of US$585, 38% better than US$944 in 6M/13
• All-in sustaining cost per ounce sold of US$862, 38% improvementfrom 6M/13
• Total production costs of $62.1 million versus $52.1 million in 6M/13, reflecting higher production volumes
• Cash and bullion increased $19.4 million in 6M/14 to $53.4 million at June 30, 2014

EOD Update 07-31-14

Thought I'd do a quick EOD update on my 2nd position in $GLUU. With the market dip and bears attacking the stock after the ER I was really in shock to see the stock drop so far. And of course it took place right after I decided to remove my trailing stop of 8%... Yes, I know I said I was going to stick with the trailing stops... I'm weak and there was SO MUCH good news around the company and the ER that it didn't seem like such a dip would occur.

Even thought the position is now sitting on a loss of -24.7% I'm going to hold. Even if I have to wait until Q3 it will go back up.  With all of the new company profits and acquisition in play I can't imagine we'd see it fall further at that time.

But I've been wrong before.

Holy Cow That's a LOT of Red!!!

I was checking Finviz for a new stock pick and noted the heat map's color from today's market... That's the most red I've seen on a heat map yet... Crazy