Sell All You Want, I’ll Buy More

I added to YELP and HGG. Good, sell off stocks ahead of National Feast. See if that stops me.

In all seriousness, this week is always a thinly traded one, as people are traveling to visit loved ones. Typically, black Friday is a lot of fun, despite being only a half day. On occasion, we will get a sell off on Cyber Monday, as retail sales have been coming in light in recent years. But that’s not my bet. My play is for a robust retail sales climate that will offer upside surprises. I am basing this assumption off the recent data and of course the decline in oil.

I’d prefer the market to trade up today. However, if you insist on selling, I will simply have to dig deep and buy more. See, I am looking for a 3.5% move in the NASDAQS during the month of December. It’s nothing too outrageous and definitely within the confines of reason. After all, I am a man of ‘extreme caliber’ and reason. Within that 3.5% NASDAQ move, I suspect there will be multiple 10%+ winners. Selfishly, I intend to grab a few of those, then lighten up a little ahead of New Year’s eve.

My largest position, naturally, is GPRO–representing 13% of assets. YELP is almost 10% and everything else is rather modest. Again, I am a reasonable man of ‘extreme caliber’.

Some of you might have big profits and would prefer to mitigate risk ahead of the big question mark of holiday sales. I understand that 100% and would not blame you for wanting to reduce exposure, if sitting on big gains. But most of us mortals out there, who haven’t had the luxury of legalized insider trading (extra Ackman), have been through the meat grinder in 2014. We’re coming down the home stretch now and there isn’t time for hesitation or half assed positions.

In short, I’m not gonna try to figure out what the market is doing this second. I am buying now and hope to harvest bountiful gains five weeks from now. If any of you jackasses have a hard time understanding that the market isn’t the market on a tick by tick basis, you are better off punching holes in donuts than trying to figure out this web of lunacy on a daily basis.