The reason why I sold out of CLR, in spite of loving the company, has everything to do with my recent windfall in GPRO and nothing about a prediction in crude. I’ve resigned myself to the fact that I know absolutely nothing about the political games behind the price of crude. Therefore, I am edgeless in a sea of knives. I thought it made sense to take a shot with CLR, being that I needed a big winner. But then out of nowhere, GPRO and ANET appeared, granting me the respite I desired.
Considering that TRN is my largest holding, a company dependent on the good health of the oil and gas business, as well as a top 10 position in SLCA, I felt it was the responsible thing to do, swapping out ole CLR for BALT, ANET, YELP and cash considerations.
The easier trade is to avoid the battlegrounds. Right now tech is without an enemy–unless of course you consider men running about the internet with burlap underwear to be the opposition.
In summary, I took a cold 6% loss and now I’m moving on to better climes. Keep up.
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Fly- Bravo on your GPRO gain, your timing and risk-taking prior to earnings was impeccably played. Do you think oil has more downside here?
yes
Is SLCA on the chopping block then?
No
COP is on my radar to start building and sprucing up the quality of my portfolio.
out with the keg and beer cans, in with with the crystal glass and scotch.