iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,474 Blog Posts

Sticking to the Plan

I sold out of WNR this morning, putting me at 40% cash. AAPL is leading the nasdaq higher and complacency is very high. I don’t expect the market to get crushed, until AFTER the New Year’s. Consider the period between now and then a twilight of sorts.

On a more optimistic note, I like smartphone derivative plays heading into the pagan holidays, specifically NXPI, AVGO and RFMD.

Despite the tepid tone to the market, breadth is under 40% for the day and utilities are the top performers. This is not exactly a healthy backdrop for a continued run.

I am holding large positions in VHC, EXK, NXPI and SWHC. I regret not buying YELP when it was lower. And I am shocked to see DECK all the way back, following a horrendous quarterly report. The market is always filled with surprises, so one never knows exactly what’s in store. All we can do is make educated guesses, try to avoid making stupid errors, and bet big when the odds are optimal.

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20 comments

  1. Heaterman

    First………….

    Always wanted to say that.

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  2. Heaterman

    DDD?
    Continue buying?

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  3. DaveyNC

    I just re-joined you in VHC.

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  4. joe

    the market is whee it was 8 months ago

    that breeds complacency

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  5. Trading_Nymph

    Things that this Nymph dislikes
    1. Clams
    2. Turkey Gods

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  6. asteroids

    If this market was any more relaxed, it would be in a coma.

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  7. Lisa

    Showtime.

    Okay, boys, we’re boycotting fruits, vegetables, corn, any thing that grows. And that’s about it. and Seroquel http://www.seroquelxr.com/?source=SERCC12996&utm_source=google&utm_medium=cpc&utm_campaign=sxr2012b_seroquel+xr+drug&utm_term=seroquel+drug&umedium=cpc&uadpub=google&ucampaign=sxr2012b_seroquel+xr+drug&pkw=seroquel+drug&MTD=2&gclid=CNb_vZe07bMCFQtxQgodFEQAnA because it is really straight-cut cocaine.

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  8. JTU

    GNRC-Oversold!
    Down 10% today based on insiders taking profits. This stock is up so much this year that insiders are probably taking profits this year before next year’s tax laws come into effect.
    http://blogs.wsj.com/deals/2012/11/26/pe-firm-to-cash-out-some-of-sandy-generated-generac-gains/?mod=WSJ_qtoverview_wsjlatest

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  9. The Eye-Talian Stallion
    The Eye-Talian Stallion

    Today, 0bama dethrones Bush as the most stupid person on Earth.
    . http://www.politico.com/politico44/2012/11/white-house-fiscal-cliff-standoff-could-slow-holiday-150257.html

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    • Ohthe BOMB

      No- that be YOU – the maroon who predicted Obama would win fewer than five states.

      How does being Board Idjit feel to you?

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    • Sour Grapes

      And, dija see where PRAVDA says ‘Obama was reelected by an illiterate society’?

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      • Heaterman

        Pravda called it correctly. The citizens voting for him are possibly literate in the linguistic sense but certainly not in the intellectual capacity of the word.

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