By Any Means Necessary

I sold out of RUBI today for a sizeable loss. It was a bigger loss, when the stock was scuba diving down in the 8’s last week. Nonetheless, whether it was a loss on paper or realized for my p and l, it had to be taken now. Reason being: earnings are coming due tomorrow and I have no idea what they might say. Humans tend to avoid conflict, tuck their heads away in the sand, hoping everything will sort its way out. I embrace it.

RUBI can explode by 30% if they beat and guide higher. If I bought the stock for its fundies, I wouldn’t care about this report and would simply buy any dips. But it was a trade, so I have to be loyal to the mantra. Of course, I should have sold out a few weeks ago; but the stock was knifing lower and the volume was thin. The best thing to do now is to keep moving, pick up where I left off and make the money back elsewhere.

I also sold out of JMEI today. I sold it late afternoon, after the stock had rallied more than 2 points off the session lows. I booked a 7% profit and rolled that money into VNET.

I will not hold onto losers into earnings and will try to avoid any and all earnings plays–because they’re fucking toxic beyond belief. It’s literally like rolling dice at a rigged table. I’d rather play in the Chinese burrito sand pit of hell, than guess on whether some jackass CEO at some loser start up can meet and exceed Wall Street’s retarded estimates.