We had 3 purchases today. GTN was purchased at 14.42 using an initial stop at 12.99 and a .50 risk% of our total portfolio value. A little of 5% of the portfolio was allocated to GTN. FLY was purchased at 15.44 using an initial stop at 14.50 and .45 risk% of our total portfolio value. We allocated 7.40% to this trade. Last is ORBK which has been on the watchlist for a few days, but we chose to not wait for it to pull back due to the large basing monthly chart. It was purchased at 19.46 using an initial stop at 17.67 and a .35 risk% of our total portfolio value. There were no sells from our portfolio today.
Nothing new to report on our current positions. SCAI has been able to climb a little off the stop loss line. Most stocks are trending higher or holding a constructive pattern.
There were several new additions to the watchlist today and only one deletion. New symbols added today were BSQR, SCLN, RDWR, VDSI, OXM, EVC, PLAB, ON, and HABT. There was one deletion from the watchlist and that was RUBI.