Position Updates & Gauges for Trading on 1/21/2015

Mish Schneider | January 20, 2015

***NOTE: MOS Sold ½ 47.94 in the pre-mkt on a GTC limit order

Raise stop ¼ remaining to no loss 45.95 in MOS


New Position: DDD: 1/2 Long 29.88 ATR 1.684 (February 26th Before market opens)

Name of Instrument: 3D Systems Corp

Sell Stop: 27.34 under slingshot low

Current Price: 29.33

Reason For Trade: The slingshot low from December 16th is intact. Our ½ position is to see if it holds ahead of earnings. Unconfirmed Takeover Chatter in 3D Systems; Sources Say GE, IBM Could Offer in $50s. However, a spokesperson from the company denies such rumors saying that their own investments made to help the company grow will make them the 800 pound gorilla in the room. Let’s hope. A 2015 pick.

First Target: ½ off 33.89


Existing Position: MOS filled 45.95 ATR .62 ¼ left (Reports February 11th)

Name of Instrument: The Mosaic Company

***Breakeven Stop: 45.95

Current Price: 47.64

Reason For Trade: After a significant peak bottom in mid-October, it flew past the 200 DMA and then returned to the 50 DMA. The 50 DMA has crossed above the 100 DMA. The risk is good, position small and trading in anticipation it can clear the 200 DMA. Longer term, 50.00 is the place it must clear.

****REACHED! First Profit Target: 47.94 for ½ off

****P2 for another 1/2 will be 48.94***