iBankCoin
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

CHESS MOVES

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NOTE: 12631 is coming. More details to follow.

I bought a full position in $DDS, based on the chart I featured last evening, as well as the huge short position and possibility for a squeeze.

I also sold 1/2 of my $GS position in front of their earnings tomorrow morning. As the day progresses, I will consider selling more. I am up nicely on the trade, and see no reason to risk most of my profits into earnings.

I sold out of $CSTR, locking in a big winner for me. I will likely revisit the position in the near future. I do not like the action today, and for now I am happy to sell my shares to the latecomers in this name.

All trades are timestamped inside The PPT.

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TOTAL PORTFOLIO:

EQUITIES/ETF’s: 60%

  • LONG: 60% ($ATPG $DDS $GS $HMIN $MSTR $RGS $SHLD $TIE $WPRT $WYNN)

CASH: 40%

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2 comments

  1. FIG

    hey Chess, take a look at GMXR. Can you tell me what you think of it here. Thanks

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    • chessnwine

      Could get moving if it holds above $4.54, but the way the chart is, it just as easily do a lot of backing and filling first.

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