Dash for Cash

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I am raising some more cash here. I sold my 1/2 long position in $RINO as the ascending triangle is breaking down. This shows the power of layering into a position, where the pattern has not yet fully resolved. I had bought a 1/2 starter, but if things went awry then I was out of there. That is exactly what happened.

I also sold out of my $LULU short in front of their earnings tomorrow. The stock has drifted higher the past few days, and I want to be clear that I remain bearish on the name. However, earnings are earnings, and I have no interest in adding more external variables to my trades. I hope to revisit the name as a short after earnings.

All trades are timestamped inside The PPT.

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TOTAL PORTFOLIO:

EQUITIES: 30%

• LONG: 30% ($ROVI $TQNT $CTXS $CMG)

CASH: 70%

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