Update on My Positions

I haven’t really talked about the majority of my positions in a long time. Instead, I’ve focused solely on some of my swing trades, which for the most part, is a smaller portion of my overall assets under management.

I have two major losers on the books: SLCA, YELP. I have a choice to make with them.

1. Raise capital to average down.
2. Ignore them.
3. Cut them loose.

I do not want to sell them, not here. But, I don’t want to add to them either. So, for the time being, I am going to ignore them and make money elsewhere.

My long term account is now at the highs of the year, up 6%. Where am I making my gains?

AAPL +45%
BX +12%
STZ +31%
GILD +12%
FB +120%
HCA +7%
HAIN +32%
HAR +29%
JAZZ +16%
N +17%
PANW +46%
BID +19.5%
TOL +11%
WFM +49%
ACAT +11%

As you can see, I have been picking some good stocks over the past 6 months. But you fuckers were too focused on the likes of GPRO and BALT to notice. I have some future winners in the making too. I think ICPT, OXY, HABT and MUSA work long term. Short term, I think PEIX, PACD and FMSA will give me ideal exits points. Overall, I am long almost 40 names, which is a big change from how I’ve been positioned over the past 7 years. In the past I’d concentrate my positions and rip in and out of them with frequency. What I am trying to do now is be more patient and let winners win. The only way I am able to do that is by having a wide array of holdings, none constituting more than 5% of capital.

As for active swing trades, those are still overweight. I intend to leverage those trades to bolster my returns.