(Total Views: 99)
Posted On: 05/08/2017 2:05:02 PM
Post# of 2218
$PXLW (Pixelworks, Inc.)
Company Profile
Semiconductors remain a market leading group though it is a big group and even within the sector there is its own rotation. Thus we watch a large number of these stocks to catch the moves as the money moves around the group. Thus, we saw PXLW in late April as it set up a nice new entry point.
PXLW rallied to a higher mid-April and then faded to the 50 day MA's in a very orderly fashion. It went on the report on 4-17, as it touched that support and held. On 4-24 PXLW broke higher on some solid volume. That was our entry signal, and we accordingly bought some stock for $4.53 and some August $5.00 strike call options for $0.50.
PXLW paused right after that initial break, just a quick breather, then it shot higher. The stock moved higher 6 of the next 7 sessions, and Friday hit our initial target. We sold some stock for $5.58 and a 23% gain. We sold some options for $1, a 100% gain. The stock may want to test a bit but has a lot of momentum, and of course we left part of the position in play to let it work more; August options so we have time to let the stock continue working to see if it can grow that 20+% stock gain into 40% or 50%.
Company Profile
Semiconductors remain a market leading group though it is a big group and even within the sector there is its own rotation. Thus we watch a large number of these stocks to catch the moves as the money moves around the group. Thus, we saw PXLW in late April as it set up a nice new entry point.
PXLW rallied to a higher mid-April and then faded to the 50 day MA's in a very orderly fashion. It went on the report on 4-17, as it touched that support and held. On 4-24 PXLW broke higher on some solid volume. That was our entry signal, and we accordingly bought some stock for $4.53 and some August $5.00 strike call options for $0.50.
PXLW paused right after that initial break, just a quick breather, then it shot higher. The stock moved higher 6 of the next 7 sessions, and Friday hit our initial target. We sold some stock for $5.58 and a 23% gain. We sold some options for $1, a 100% gain. The stock may want to test a bit but has a lot of momentum, and of course we left part of the position in play to let it work more; August options so we have time to let the stock continue working to see if it can grow that 20+% stock gain into 40% or 50%.
(0)
(0)
