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Thus far today, I made the following trades:
- I bought a full position in $WPRT
- I sold out of $DZZ for a loss.
- I sold out of $CRZO, taking profits.
All trades are timestamped inside The PPT.
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TOTAL PORTFOLIO:
EQUITIES/ETF’s: 62%
- LONG: 62% ($ATPG $CSTR $GS $HMIN $MSTR $RGS $SHLD $TIE $WPRT $WYNN)
CASH: 38%
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Followed on WPRT. Looking good!
Chess – any thoughts on today’s strength?
Yogi–Out of pocket now. Will be back later. Sorry, have been busy past 24 hours.
Hey Chess,
Quick question for you on RNOW. The stock broke out yesterday and was up 17% on news that 3Q earnings would be higher than expected. As you can see by the intraday chart, it is following through on strength today and is up an additional 5.5% to a new all-time high. My problems usually seems to be timing when cutting ties with these types of companies – I’m currently up about 52% on the position. Do you believe that this is a good exit point (especially since it is at an all time high?), or would you hang on given the continued buying today as well as the favorable news which the company released?
As always, thanks for your help.
I’ll take a look at it in a bit. Out of pocket for now.
Thanks Chess.
Hey Chess,
Take a look at the GMXR chart. It looks like it may finally be bottoming together with Nat Gas.
Sold my GMR. Still holding BZH, CNXT, GMXR, PVA, SPF, TWM, YGE, and 15% cash.
Sold my TWM.
Bought a little VXX.
Do you have an opinion on BEXP? It is a high-flyer, but I’m not sure what the last few days are telling us. Thanks.