A VAINGLORIOUS VICTORY

I made more than 1.5% for the day, despite CYBR being flat. I am saddled with about 30 positions, most of which are small, under 5% of assets. I’ve taken this approach this year in an effort to be flexible and avoid outsized drawdowns. When I am ready to average into a name, I simply sell off one or two of my smaller holdings and bulk up on it. I used this strategy, successfully, in my last two positions in ONCE. Should ONCE drop 5-10% from current levels, I will likely double my position.

My largest holding is CYBR. It is performing with the market and I am about flat on it. My second largest holding is CRM, up around 4% from my basis cost. Other positions of note include PANW, AAPL, TWTR, BLCM and VDSI.

I own MU and down severely on it. I did enjoy today’s rally, however.

The market was oversold and now we’ve bounced. I feel strongly that this rally will hold, for at least 10 days. We are stuck in the tightest range in many years and the grind is chopping off the heads of many speculators. My sole advice to you is this: keep your losses very small, no more than 10%. Keep your position sizes manageable, no more than 15%. And diversify your holdings, but take outsized chances when you believe the odds are in your favor. These are difficult tasks to partake in, things that have take me over 10,000 hours to perfect.

A wise man once told me that the quickest way to success is to emulate other who’ve already made it. To that end, I cordially invite you to request a free trial to Exodus, thru Sunday. Email Vince@BlackLightAnalytics for credentials.