I took a big loss on OSG this morning. I did it because the stock sucks at a time when everything is running higher. Additionally, I took profits on ANR, effectively equating to a wash between the two sales from a p and l standpoint. It’s a shame to have a 30% winner in ANR reduced to nothing, all thanks to this fucking OSG. It makes no sense to lament over it, so it’s time to move on.
Speaking of losers, I sold out of ULTA, a small position of mine, for a wonderful 6% ding.
I doubled down in my FFIV and APKT positions, in order to defend my positions and reduce my cost basis.
Lastly, I bought a mammoth amount of CLF, essentially swapping one coal train for another. CLF is not as psychotic as ANR and offers a bigger institutional investor base.