Booked a Horrendous Loss in $GEVO — Rolled into $SPOT Like a Champ

I had an idea what might happen today, following the share authorization announcement by GEVO — but boy was I wrong. The stock ran out the gates like a fucking pointed tailed devil, down 30%. Luckily, my basis was below $9, so that when I sold it, I merely lost an outrageous 20% overnight. The reason why this hasn’t translated into cataclysm for me is because it was a 5% weighted position, the size of all of my positions from the start. If you’re placing more than 10% in any one stock, you’re doing this wrong.

Heaving from the loss and lamenting the site of multiple stocks on my screens shooting higher without me, I decided to take the advice of my children, who know nothing about stocks at all, and buy some SPOT.

Who buys from iTunes anymore, anyways?

All of the young punks stream their music thru services like SPOT. But SPOT is by far the most successful. If Apple knew what was good for them, they’d buy SPOT.

At any rate, the stock isn’t overvalued. As a matter of fact, fundamentally, it’s cheaply priced — thanks to the method by which they came public.

As for the overall market, it doesn’t look strong to me. I am 60% cash after my SPOT purchase.