Tagged: MTP

Stock Trading Review for period ending May 03 2019

Sold 10,000 shares of NVDA NVidia Corp on NASDAQ at $182.38 per share. I had purchased those NVDA shares at $178.75 per share. Capital Gain on sale of NVDA = $182.38-$178.75 = $3.63 per share. 10,000 shares sold at $3.63 Capital Gain each = $36,300.00 realized Total Capital Gain. Continue reading

Order Fills

TWTR – 1,000,000 shares at $39.30 per share – filled

AAN – 1,000 shares at $58.00 per share – filled

MTP – 1,000,000 shares at $3.60 per share – filled

PINS – 1,000,000 shares at $34.81 per share – filled

NVDA – 10,000 shares at $178.75 per share – filled

MTP is a foreign BioTech – an ADR – long term this should work out. Short Term loser – went below $2.00 today. Will hold for long term.

Interesting the difference between low price and high priced share performance coming off a Breakout Gap (except PINS which is a IPO and NVDA which was based on the CCI and Woddies CCI).

 

Disclaimer: This post is not meant as Investment Advice, nor is it advice to buy or sell any shares in any company. Do your own Due Diligence. Seek out the advice of your own financial and investment advisors before risking any funds in the Stock or Futures Markets. You can lose money and even all of it when investing at the Stock Market Casinos. This post is for my own educational purposes.

Posted by Vincent Banial

 

 

Stock Trades Review

TWTR – in play today – bought for the long term

AAN and MTP – consolidating. With MTP the key is to stay above $2,00

HELE – in play today – did not get filled as price continues to rise and I wanted to buy in at a lower price.

Low price stocks – SCKT and AKTX – did not buy – they are also consolidating after the Gap Up…

So last week was a fun week for Gap Trading.  A Gap Up indicates that the Trend should change upwards. The problem is after the Gap the price can consolidate – often forming a flag or pennant, before the price continue back upwards.

 

Posted by Vincent Banial

Bought 1 Million Midatech Pharma PLC American Depositary Shares (MTP) on Nasdaq on Apr 24 at $3.60 per share

 

Had posted thin on our Uniquely Toronto Facebook page. Moving it over this to this site.

This is the last of the buys for the Regular Portfolio from last week. Bought 1 Million shares of Midatech Pharma PLC American Depositary Shares (MTP) on Nasdaq on Apr 24 at $3.60 per share.

Why.

Major Price Breakout upwards with a huge spike in Volume. IMHO Volume Spike usual tend to indicate the Trend Direction will change.  Expected price consolidation after price spike. Did not expect the price to drop this much. Holding, as this should bounce back up after hitting support

Midatech Pharma Plc (MTP) on Nasdaq

Midatech Pharma Plc (MTP) on Nasdaq. Chart courtesy of www.tradingview.com

When the price spiked up on Apr 24 it hit resistance and came back. Once the price starts back up and goes through that resistance (just under $4.00) the price should rise to the next resistance level around $5.00. Will likely try to sell around $4.90 per share.  Yes, this trade is sitting at a loss, but IMHO the price is above the Support level and so I’m going to be patient and give this trade some time. 

This stock is an example of the danger of trading Gaps. If I were to sell now, I would take a major hit. In contrast, look at the price of HELE since it Gapped. The price of HELE has risen daily since the Gap day. Hard to predict short term price action. I’m playing MTP for the longer term.

Disclaimer: I am not an registered Stock Analyst nor a licensed Stock Advisor. This post is not a suggestion for anyone to buy anything. Please seek the advice of your own licensed Investment Advisor before placing bets at the Stock Market Casinos. You can lose money – even all of it. This post is for my own educational purposes…

 

Posted by Vincent Banial