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Matt Thomas Watch List

9/13 Portfolio Updates – Sold CYCC +11%, NLNK +9%, LXU +8%, & GPRO +8%

By September 13, 2017March 23rd, 2023No Comments

The Past Week in Review:

Since Last Week’s Watch List, I’ve gotten a little more active with my trading. Within just a few days, I opened and closed seven new trades. I also have two additional open positions. It seems like the market is starting to heat up with Summer coming to a close and Fall moving in.

Gains: CYCC +11%  NLNK +9%  LXU +8%  GPRO +8%  Losses: ACTG -3%  SIEN -3%  APRN -1%

There were a ton of great setups that I felt could help wipe away my recent ROX loss, so I took full advantage. I had a few losing trades in the mix, but notice how I kept them small. All positions were similar in size, so the end result was some solid gains for the week. I probably won’t keep up this rapid trading pace, but I’d like to keep the momentum rolling.

[Link to All Watch Lists]

Open Positions

WTW (Weight Watchers International, Inc.): I made another move on this ticker after a couple months of monitoring. This is one I’ve been trying to catch since My 7/10 Watch List, but it kept grinding higher above my bid. Then when I finally entered, I was met with a quick drop and stopped out for a -2% loss, right before it shot back up on solid earnings. It’s currently experiencing a short-term pullback from $49 to $42 and starting to trade sideways. I think this will hold above its 50-day moving average and continue the upward trend. My goal on the trade is $45. Currently holding shares at an average price of $42.50.

WTW Stock Chart

CDTX (Cidara Therapeutics, Inc.): I added this to Last Week’s Watch List and it seems to want to continue moving up toward $7. I left room to add closer to the $6.25-6.50 level, but I’m currently holding shares at an average price of $6.75. This is a classic Biotech Catalyst Swing Trade as taught by Kyle Dennis at Biotech Breakouts. They have Phase 2 Date For Candidemia scheduled for 4Q and I’m expecting a solid run-up as we move closer to that event. My goal on the trade is $7.50-8.00.

CDTX Stock Chart

Closed Positions

CYCC (Cyclacel Pharmaceuticals, Inc.): Bottoming play on a cancer stock that had volume come into it. I took profits from $1.70-1.88 on the candle circled below. It even made it as high as $2.13 today before losing steam.

CYCC Stock Chart

NLNK (NewLink Genetics Corporation): This was purely a momentum play that put in huge candles two days in a row. It started pulling back a bit on day three, but then looked strong again near the open on day four. That’s where I entered, profiting on a quick $16.95-18.40 move before pulling back yet again.

NLNK Stock Chart

LXU (LSB Industries, Inc.): Oversold play that built a nice base around $6. I profited from $5.99 to $6.48. It’s continuing to carry the upward trend above $6.50. I’m continuing to watch this one for another potential trade on a break above $7.

LXU Stock Chart

GPRO (GoPro, Inc.): Another momentum play. Gapped up and held above $9.75. I profited from $10-10.75.

GPRO Stock Chart

ACTG (Acacia Research Corporation): I was fishing in the right pond, but stopped out before this one made its move above $4. I entered at $3.75 and exited at $3.65 for a small loss. I was playing the breakout of the $3.60 level, but it didn’t move fast enough for my liking. When playing some of these charts based on technicals alone, I don’t like to be holding positions all that long.

ACTG Stock Chart

SIEN (Sientra, Inc.): Again, I was fishing in the right pond, but didn’t give it enough of a chance to play out. I noticed this one made a new 52-week high two days in a row, and with the market looking strong, I took a shot on day 3. I entered at $12.89 looking for the $13 break, but I got stuck in that red candle and ended up stopping out at $12.50. As a result, I missed today’s huge 20% move to $15.

SIEN Stock Chart

APRN (Blue Apron Holdings, Inc.): Recent IPO that fell from $11 to $5. It’s been trading in a right range for a month now and I think a breakout could be coming. This chart is still in play, but I gave this one a few days and it didn’t want to move. In at $5.40, out at $5.33. If volume comes in and/or good news hits, this one has the potential to move quite a bit with 50% short float.

APRN Stock Chart

New Stocks to Watch:

LQMT (Liquidmetal Technologies Inc): After Locking Up a 30% Gain on this one last week, it pulled back to the $.30-.34 range just as expected. This was about as predictable of a trade as it gets. Every year before the new iPhone release, it experiences a run-up into the event. I took my profits on the move and didn’t take the chance of actually holding through the event itself. I’m now looking to enter yet again. I would’ve started building a new position yesterday and today, but I ran out of available funds in my account. I’ll be looking to add tomorrow in the mid to low $.30’s in hopes that the new CEO can turn this company around and start landing deals with big-name companies.

LQMT Stock Chart

I’m also watching CBAY (continuation pattern starting to breakout) and EGLT (bottoming pattern starting to trend steadily upwards).


Matt Thomas

Founder of, Creator of the Trading Success Framework Course & Trading Paradigm Skool Community, and Intraday Futures Trader Using Auction Market Theory & Profiling (Volume & Market Profile).

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