Be patient with your buy orders. The market isn’t going to crater; but you never know. It’s the fear of “you never know” that allows stocks to drop, precipitously, without net.
I am very interested in buying back YELP, TRLA and GOGO. However, I’m afraid the risk is too great down here, heading into earnings. I have to make a conscious decision: do I risk a lot here, in speculative names, with +58% gains for the year?
The answer is, as always, YES. But not in the social media space.
Instead, I favour the refiners, low brow biotech stocks and the blackest oil the earth can produce. I’m still long ridiculous amount of BALT, which is more of a play on smaller boats, than big. Let it be noted, the rates for Handysize and Supramax ships haven’t gone down like Capesize in recent weeks. Because of this, shares of BALT have held their own and should continue to do so, as long as rates remain elevated.
By the way, MTH reported very strong numbers. I like MHO and AMBC, as plays for housing.
In short, I am fully invested, leveraged to the hilt, down 1% for the session. Ultimately, I believe the market will trade up from here. But, I am fully prepared to ride it lower first.
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reddest of meats and wines, good sir.
KO breaking out…that’s right
It seems to me that a position of some stock and some options would be a good strategy for an uncertain market into earnings. I almost never hear you talk about hedging into uncertainty. Any reason why not?
I don’t hedge when I should be long.
POMO over earnings any day, eh
take MDT to 60
Do you still regret listening to the lot of us about your Halloween VXX purchase?
no, good job
BALT reports Halloween…tricks or treats for the longs??
Should have followed you out of Yelp. Damn.
LOL
Old man stock rules – Mr.Partridge sells 1/12 of his CP position… mostly bought in 2009… Canadian trains what also… you cannot kill Bill 🙂
In other news: I bought GOGO and IRBT today… a huge shitload, pardon my French.
Added to DHI too
bought XONE and GPS, why not?
GOGO is looking good for another swing up.
Off topic, TOTAL PROPS to who ever posted “The Contenial” photo…So Perfect.Walken is soooo good and perfect for the title.