Week of 4/6/2015 - Friday Roundup

SGI Paper Trade - Friday 4/10/2015 Results

So here's the summary of the performance for Silicon Graphics for this week (4/6 - 4/10/2015):

SGI
               Open        Close       High        Low
Monday:        8.74        9.03        9.11        8.74
Tuesday:       9.03        9.01        9.12        8.94
Wednesday:     9.00        9.06        9.12        8.65
Thursday:      9.03        9.23        9.28        8.87
Friday:        9.27        5.25        9.41        9.07

The open, close, and low values over the week have a dip in them on either Tuesday or Wednesday, and the highs for the various days show steady progress upward.

Friday's intra-day prices show a long stretch at the 9.39-9.41 range (hours - note the exit signals in the plot above).  It's reasonable to assume that a patient trader could have taken profits at 9.40 but certainly at 9.39.  SO, if we assume, conservatively that we took profits on Friday per the plan then buying on Monday 1,000 x 8.83 at the open and then adding on the dip another 1,000 at 8.70, and then selling 2,000 x 9.39 we would have a profit of $1,250.  If I didn't add more on the dip, then I would still have made a $560 profit.

It might be worth holding SGI longer.  If it breaks $10 then it certainly has some room to run,  but for now I would call this trade closed and a success.

Not bad for letting the money do the work.  It just requires a good General to put that money to work properly.  That is the point of this blog - finding the best methods to put that money to work properly.

From last week, JIVE had a better week.  Perhaps I was just a little early to the show.

JIVE
               Open        Close       High        Low
Monday:        5.20        5.13        5.27        5.11
Tuesday:       5.09        5.13        5.25        5.04
Wednesday:     5.11        5.19        5.21        5.05
Thursday:      5.21        5.17        5.31        5.16

Monday:        5.14        5.17        5.21        5.11
Tuesday:       5.19        5.22        5.26        5.17
Wednesday:     5.21        5.25        5.26        5.20
Thursday:      5.24        5.31        5.33        5.24
Friday:        5.34        5.31        5.36        5.29

Certainly this one progressed better, but much slower.  I suppose this may be a company worth looking into the SEC filings and the books to see if it's worth a speculative investment.  In that case I would not hold more than 100-200 shares because the risk would be too high to hold more than that long term.  From the Weekly candles it does look like JIVE has plenty of room to run.

We'll check in on JIVE next week.and see how they fare for another week.  That's part of studying these picks; just because I may miss on one week, it's worth noting what happens in the weeks that follow because I'm using both Daily and Weekly data to make my decisions and for the sake of investment I would also look at monthly data (candles).