CAMP wavering

Wasn't too impressed with today's action. Volume was light and support held at the 20-day MA (and the channel line). But it broke the near term trend of rising lows going back 13 trading days. Further loses will see this tossed from the account. I did take a position in my ROTH IRA at the same time it was added to my Marketocracy account and I sold Oct $7.50 covered calls thinking we could see a dip to close the July breakout gap from $7.50. I will buy back these calls if the subsequent action looks bullish. Covered calls filled at $1.05. Other Marketocracy action remained firm. NOVA digested Friday's big gains. GTI bounced off support while ERES flittered downwards in light volume trading.

CAMP added @ $8.45

Featured as a Gold Member pick (subscription required to view) on June 16th and as a Breakout pick (free to view) on August 3rd DD as always, DJF

Some statistics of the Marketocracy account

After a reasonably strong start the portfolio has suffered a series of narrow losses. It is currently underperforming the market and the Marketocracy m100. Recent trades

Current holds remain unchanged

ERES has been the star performer in the portfolio. The jury is still out on GTI as NOVA works on a test of support. In line with my market commentary on my sister site I have not been adding new positions until we see what the Big Money does once it returns from vacation. Below is what Trade Ideas had featured for GTI on Aug 23rd Due diligence as always, DJF

GTI test of support worth fishing

Featured as a Free Breakout Play for August 10th. I like today's test of support which gives it long side merits Click for chart DD as always, DJF

CYCLed out

Dumping CYCL on what looks to be a confirmed loss of support. Company had reported disappointing earnings . Featured as a Free Breakout play for June 16th and for May 3rd

Sold BMRN on bearish flag concerns

Maybe a little premature but in the current market malaise it is probably better to sit this one out. In: $8.49 Out: $8.07


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