All told, today seemed to be a rather pedestrian day around the stock exchange…maybe that was because I had real-world work matters to attend to, but aside from AAPL flirting with $498/share, there was limited excitement…and I guess that can be a good thing. 

AN came out of the blocks cold…but by the time I had returned from lunch (chicken tacos) she had rallied well beyond break even to almost +1% on the day.  This thing is starting to “ride the (Bollinger 20,2) band”  I currently have a 50% position with the company scheduled to report earnings on 01/31.  As this stock continues to show strength, I’m apt to continue adding shares on the break of any ‘pause” to the upside.  Define ‘pause’ as the stock not making a new high in 3-4 days.  I’m leery of holding a large position through earnings, so I may scale way back (<25%) and buy back in if I still like what I’m seeing. 

CTB is hanging in there.  I’m not overly enthused with it, and if there were a lot of other long ideas popping up, I would cut this free.  Right now, I’m comfortable with where it stands relative to the amount of cash I have on hand.

I forgot to mention this in the previous update, but as of Friday, MDY is now the top ‘scoring’ ETF (with EEM being bumped into second place).  If this were 02/01, I would be rotating my money (including profits/losses) out of EEM and into MDY.  

MRH is etching out a very similar pattern as CTB…which is kind of strange considering one makes tires and the other is an insurance company.  I’m up about a buck from my cost basis and am open to adding more shares if the opportunity presents itself (i.e., a break of 24.00). 

I haven’t owned PCL (isn’t that a knee ligament?) for very long, so I’m just kind of floating along with it and letting it tell me what it wants to do.  I’m only in a 25% position, so there is not currently a high level of stress involved.

Could TTM be setting up for another move higher?  I bought the last pullback and am up to about a 40% position.  I have seen these sorts of patterns repeat themselves, and we are right below a very low volume area.  Interesting development taking place here…I have it on close watch.

Lastly, this WGO position is a kind of amusing and also kind of maddening.  How can shares of such a stupid company continue to skyrocket?  I mean, we are in at the very least, what one would consider “tough economic times”, no?  How the hell is the maker of the most cost inefficient pieces of machinery available able to keep plowing right through new 52 week highs?

The problem is: these events are not driven by common sense and sound economic principles.  In my experience, that type of approach to these situations is a key component to the thought process of the “bearshitter” or the “academic”.

Guess what?  Both bearshitters and academics suck at the stock market.

I’ll continue to fill the 125 gallon tank to the brim on my 45′ “Winny” and cruise through the badlands of western South Dakota while you lament the fact that this stupid company is “worth” 3x what it was last year at this time.

Today we finished +0.27%, +1.10% for the month.

Tweet