I just want you to know that when you see me buy micro-cap stocks it’s always a very small investment. Today I bought 20,000 CRDS at around $1.90. If the stock gets cut in half, I am prepared to lose 50%. We are in the late stages of the melt up and these are the stocks that can make you quick money. Granted, there is nothing honorable about selling CLIR for a one day profit of 36%. But it’s fun to do, nonetheless.
My short positions in AG and JCP went higher today. They are both 3% positions and do not warrant immediate attention. It is my belief that both will trade materially lower and I don’t expect that to happen overnight. My other short, CCL, looks like hell–ready for a leg lower.
It was a good close, a solid bull market surge into the bell. By my calculations, I have approximately 3 weeks left to enjoy this run. After that I am going to a large cash position. In the meantime, I intend to dwell in the gutter, with snipes, parlaying in and out (no sashay) of vagrant, vagabond securities with the explicit intention of realizing short term profits.
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Any updated news on this?
http://www.businessinsider.com/robert-sinn-stocksage1-dui-hit-and-run-2012-7
And to think I taught him in my English classes. He was one of my favorites.
My 11th grade English teacher was steaming hot. Made it difficult to concentrate. I can’t diagram a sentence for shit, but I know every word of ‘Hot For Teacher.’
WOW! Speaking of schooling.
When I was a senior in Catholic high school, we had to take this weird class that was a mix civics, sex-ed, how to buy groceries, and finance 101, the teacher was half comedian and would tell us the following story:
A man is investing in stocks and making decent returns, but he is greedy and never satisfied. One day the devil appears and offers a bargain, “Starting tomorrow morning, I will deliver a newspaper to your home for the following day. You will know stock prices a day in advance to invest as you choose. All this for the small price of – your soul.”
The man is thrilled dreaming of the quick profits that will come with this advance information. He accepts the deal.
The next day the newspaper arrives and the man eagerly fumbles for the Business section stock listings. He then notices a familiar name on the back page; His own name listed as an obituary.
Ummm. That was a Twilight Zone and it was a camera that took a picture one minute into the future.
What happens exactly after 3 weeks? Baseline? Melt down? Bleed out?
I can’t seem to put my finger on your trading style. Your thesis trades have been pretty solid. Could you list a couple famous investors who have influenced your style? Or is The Fly a trading renegade?
Once upon a time ago I called ZIOP @ 4+ish, today @ 5.35ish. The horse is out of the barn but still in the pasture with room to go, go, go. Keep laughing as in your LOL.
I find nothing dishonourable about selling a CLIR for a one day profit of 36%.
Well done, Señor Mongo Cohones.
When does CALL report earnings?
Don’t worry boss – it’s a bull market, you know….
even for penny poppers here and there