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Observation Update

LPTH

Today, an additional 2% was added to LPTH to bring the position to 5%.  LPTH is a good example of a stock that was added to the portfolio but hadn't started moving.  There are always times when an initial position is taken and the price action of that stock simply fluctuates in a constructive range.  After the earnings release, LPTH moved to the downside, but within two days made a full price recovery.  It's now trying to move above 3 and breakout of recent consolidation.  Below is the chart.

Position Summary

Over the last few weeks, the positions have experienced some great price moves after earnings. You never know what the price action is going to be, but trading the correct trends with a combination of strong fundamentals does help.  Right now the main focus is on not oversteering the car, but rather to make sure we stay in our lane.  What I mean by this is that when traders begin seeing good size profits, they tend to start overreacting and will likely not make nearly the profits they could because the focus starts to move away from the process of trading and on to their portfolio value.  Try and stay focused on the process of trading trends and adhering to your stops.  In the longrun, your portfolio value is likely to be in a better position.

Watchlist Summary

At present, two stocks are back at the top of the list, FORM and EMKR.  Both reported earnings last week and responded with strong price action.  With the current market strength, it is difficult to find an entry for these two stocks, but I'm hopeful that the market will relax a bit.  This might provide a chance for entry.  Below are the two charts.

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