I took the day off, after cashing out of most of my positions. Today I sold YOKU because it’s trading like a Chinese internet stock. Maybe tomorrow I will sell ZAGG and BV, both are non-central to any thesis that I could ever concoct.
My top pick, by far, is to be short silver miners. Nothing will help them, not even crisis.
I am going to redeploy some assets back in the market, because I’m not so much bearish, rather indifferent. My goal is to make 2% for the month of April. By hook or crook, I shall accomplish this task. But I can’t do it while fully invested. I need to take a more measured approach, sniper rifle instead of machine gun. Also, owning stocks like BV and ZAGG do not help me to this end. They’re too volatile.
I will be selected 1-3 larger cap stocks worth scalping. I will load up on them, then sell as soon as my goals are realized.
The rest of you can continues to fondle each other’s balls in the mud. I couldn’t care less.If you enjoy the content at iBankCoin, please follow us on Twitter