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I sold out of trashy $RDN (was looking for the quick pop, didn’t get it. So, I am gone), and I bought a 3/4 position in $TIE.
All trades are timestamped inside The PPT.
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TOTAL PORTFOLIO:
EQUITIES: 40%
- LONG: 40% ($ATPG $BTU $HMIN $TIE $VMW)
CASH: 60%
almost got long tie myself. RTI, MFN good too.
how about that LVS though! a regular NFLX it is.
LVS spectacular. Sold way too soon earlier in the summer.
Hi Chess,
Good job as always, I understand you are trying to reduce risk in your trades but sometimes should you ride your winners longer? I see that you sold TQNT a little early and it jumped today; of course there is no perfect timing for buying or selling stocks. But just wanted to know what your thought is when selling your winners.
Regards,
VC
Yes. That is a function of the trading range mkt we have been in. If this is now a trending mkt, I will let winners run more.
Looks like $TIE had a bunch of buyers for the $19 and $20 October call options.
Indeud.
Loving that TIE add Chess – do you think we see strength out of some of the lagging metals names, specifically Steel, in the next couple of days?
Yes, they should play catchup if my thesis proves true.
Chess, will the sector rotation benefit energy stocks like AONE, ENER, and APWR? Thanks.
It should, if that comes to fruition.
liked TIE better than AA, eh?
Yeah going with it for now. Didn’t want to chase AA.