Pardon the lack of brevity in my title. I’ve committed a most heinous crime in modern literature by attempting to communicate too much before the meat of the discussion. The simple truth is I am in last month’s stocks/sectors and the rotation is grinding my skeleton into a famine. I haven’t traded in over a week and I just booked my worst 1 mo return of the year.
Solar, LEDs and Shippers are played out. All of the gentlemen of fashion have moved onto greener pastures.
Let me elaborate.
BAC, BP, BIIB, TWC, YUM, NOK, UAL, JAZZ, MU, SHLD, PNRA etc.
Brand name stocks, designer stocks, are ripping to new highs, which is helping the Dow reach new peaks, daily. Most of us shifty eyed gamblers aren’t in these names because we shifted into chinese burrito bombs or solars when they offered 30% weekly returns. Since the rotation started, which is marked by the IPO of TWTR, speculative/high priced stocks have been beaten into the dirt and rocks. I’ve bared witness to outrageous tragedies amongst the stock brokerage class, represented by stocks like YELP, TRLA and GRPN. These momo stocks that we’ve grown to love have aborted their shareholders, at the same time THE BITCOIN has tripled in price.
This is NOT an easy tape to trade.
Clients will not understand, nor appreciate, why you are underperforming as the market hits new highs. They will fire you and you will be without paychecks for the Christmas festivities.
I don’t have any answers for you this evening. I am merely an observer peering into a market that is being operated by devils. My only solace is knowing that I’ve navigated rougher waters and will eventually nail a pivotal trade. The thing that worries me is time. I need to do it before the year ends.
I AM RUNNING LOW ON TIME.
If you enjoy the content at iBankCoin, please follow us on Twitter
My $UVE up 40% in one week.Don’t
understand so I sold 25% of my position
cheers
Hoping for better times we shall. http://youtube.com/watch?v=pze4NxCOjg0
You’re still outperforming the s&p on the year so I’m not sure exactly which client of yours will get his knickers in a twist.
not my clients, but yours.
I swear I’ll sell YELP if it hits $70 again..
I got my ass lit up by JKS. Fun times.
Hopefully SOL and JKS, or solar in general, will move high tomorrow.
Bought UNXL after hours on the news release from the company. Best to buy before the open, elevator moves fast.
Buy some real companies, the blue chips that do something real. Not solar, or Chinesy, or games of some sort.
During times of duress, everyone has am opinion.
Get Batkid on this….
“Pay dat man his money”….
Fly,
Out of all the market related stuff I read daily, again and again, you’re the best. Not an ounce of bullshit, just truth. I absolutely think you’re the best market guy out there. Your picks all year have been stellar. Your honestly is brutal, and I have mad respect for you and your ability. Thank you sir.
Come join me in the Cloud(s) my fearless leader…. SPLK, WDAY, PANW
Look at the large+mega cap outperforming to new highs while small and mid cap have not done so in November. The market weighted indexes are driven higher by the mega caps which are fueled by the pension fund rotation into equities as they attempt to stay solvent. As they collectively control trillions they cannot buy the stuff swing traders thrive off of, they instead by grandpa stocks… XOM,CVX,KO,PG,MCD,JNJ,etc
One would suspect that the hedge funds and large mutual funds would throw us all a bone and use the pension fund money (large cap at new highs) to rotate into mid and small cap at some point… ALSO… OA pointed out in AHwOA that as they approach year end, they probably will have to play catchup to their benchmarks.
But as you say [we are] running low on time.
Why the fuck are the banks ripping? Was it the euros cutting rates or china 20 year scam or yellin going full shilary? This trade was missed.
Missed by everyone. What changed a couple weeks or so ago? Something did.
Higher rates and the banks make more $$ on a more normalized yield curve.
Litecoin is next.
What is the trade off the sanctions deal? This thing is being explained in detail on the evening news. Must be a trade.
EBAY needs YELP to help it sell shit. Or something like that. Big dump thru support for the nations flea market today.
Nice post. The market giving my premium the rack torture, a slow and painful death.
You listed one a few weeks ago that’s on it’s way to ripping. KWK. Hard to buy in size but you had it here . . .
You listed one here a few weeks ago that’s on its way to ripping. KWK. Hard to buy in size but you had it here . . .
$WDAY for the win
My screens have been dripping blood for days…nothing is working as the market grinds higher..time to buy index funds…blah
long idea: GOGO
internet in the sky as you fly
no competition to speak of
in around $27, preparing for take off
take it in the spirit its given, free
BALT lost at sea…
Fly, I don’t see you playing in ETFs too often. SPY, IWM, SSO etc…You seem to be right very often on your market calls. Why not play the indexes?