I comb over a lot of market data on a daily basis. While you people bounce beer cans off each other’s heads, I am trying to position myself for the next trade. The fact that I work much harder than all of you laymen humbles me to the 33rd degree, especially since I sit here, idly, attempting to time a market top. I do not want to time market tops, nor do I really thing we are at one. There simple fact that many of my stocks didn’t work today caused me to immediately reassess my position and head to cash. The alternative would’ve been to ignore weakness in a robust tape and find myself without arms and legs, yet again, the very next day.
I tell you now: I shall never be without my arms and legs again.
An interesting side note, I finally ditched my Keurig device in favour of a traditional French Press. I find the French Press to make a superior cup of black coffee, bringing out the natural oils in the bean. This is interesting news for you because I hopped on the GMCR bandwagon before 95% of the world started to re-gift it to one another.
Back to my plan.
I loved JAZZ; but it was never going to give me XON-like returns. I did a study on the recent winners and found that 60% of stocks up 20% or more, over the past month, traded under $30. Over 90% of them trade below $50. Being down 26% at the halfway point of the year is an awfully large deficit to climb out from. Over the past month, I’ve been able to make back more than 10% and find myself in an unusually strong position, as clients are content with past performance, new money is coming in, and I feel like I have a handle on this market.
JAZZ was a GARP stock.
HBI was a conservative stock.
SLCA was a GARP stock.
And XON was a speculative stock.
However, both JAZZ and SLCA were super sized positions, twice as large as my other ones. I could either replace JAZZ and SLCA with 4 regular sized positions or two super-sized, bought over a number of trading sessions. The conservative stock will be easy to replace and XON is my play money.
Ideally, the market trades down a little and I get a chance to catch an inflection point, making 10% off the 50% cash, putting my YTD losses at around 21%–providing my current holdings trade flat.
I haven’t been in a hole like this for a long time and I am skeptical if I will be able to pull it off this year. But I’ll be damned if I didn’t try.
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With Tepper and Draghi blessing the markets to proceed without end, it shouldn’t be difficult to knock a few more points off the hole you are in.
And, french pressed coffee fills my cup in the AM’s. Definitely superior to the K-crap. It’s just that last sip you have to remember not to knock down or you’ll be spitting grounds like an Okie spitting Skoal into the winds whipping down the planes.
I have a double filtered press.
K-cups are for the uncultured. Like and own HLSS from your prior list. It also sports a sweet 8%+ div.
And, what about VIPS? I’m in with a large position (talking book)-(3rd largest position). Institutional ownership is growing fast, their revenue and income growing fast. It will be 200 or higher in a few days if market continues half-assed positive.
Well, I am negative for the year again. Brazil has killed me.
The longer the can’t lose market goes on, the more certain I am that I musn’t miss calling the inevitable top.
Even if that means being wrong a few more times and taking a few kidney shots, that has to be my main play now.
Fuck Brasil.
I see you are now spelling it the American way, as I am now spelling it the heathen way.
I’ve but no choice, as I am now a mere foreign investor subject to the whims of their laziness, whereas before i was a resident-alien there basking in their warm waters. Turns out the waters are altogether too polluted and i was forced to return home to ‘Murica.
Excellent call on the French Press, Sir.
You’re nothing but f’ing amateurs. What you need is the Jura Impressa. That will brew you some damn fine coffee/espresso/mochas. It’s like having a French coffee house in your goddamn kitchen.
http://www.us.jura.com/home_us_x/products_home_use/z_line/impressa_z7_alu_ul.htm
Will take a look.
Have one in the office , honestly not impressed, tastes like something extracted from a diabetic tomcats piss. IMHO
French Press is solid, but I found the AeroPress delivers even better flavor.
Of course, the most important part of a good cup of coffee is to use water free of ethinyl estradiol
http://www.livescience.com/20532-birth-control-water-pollution.html
I’ve been using a French press for about 6 months, love it, Fly, have you tried Bulletproof or buttered coffee?
Tried it. Surprisingly, I like it too.
What you think about AMAT?
AMAT is solid. Like LRCX more
Much risk removed from VHC now…seems like a buy
My wife had sangria made in a press in Florida never tried my own French press
Recommend model?
Once upon a time in Paris (France), I had a cup of coffee via le French press served table side and found it to be the best coffee I’d ever had. Then I realized the servers were preparing it with a double shot of the wonderful French cream.
I make espresso now via a breville machine, but le French press still holds a place in my heart. And that place is, no doubt, coated with artery-clogging French cream.
Le Fly does not use French cream, I am sure, unless slapping someone with a hot pizza slice is too subtle.
Btw, I bought one of those keurig things for my mom and she used it about twice.
Fly tough spot you’re in. Didn’t realize you endured that much carnage. Hope you pull out of it yet this year. You’re running a marathon now.
The top will be 1999
(“no” 2000)
Party like it’s…
Then sub-450 don’t get depressed thou
33rd degree?? Mason? are ye traveling from the east to the west Hiram?
masonic order
Nice catch.
get yourself a bialetti.become illuminated.