I’m not falling for this shit — the oldest trick in the book. The market is getting so giddy right now — it’s causing all sorts of retards to dive headlong into it, margined out and without discretion. I just sold NVTA, for a 17% win, extending my recent winning streak to 24 out of my last 26 picks.
Here is the tally.
SOXS -5.3%
IIIV +9.6%
MOMO +8%
SONO +18%
PDD +5.4%
CRON +15%
TLRY +35%
DOMO -1%
ZS +5.3%
LITE +4.2%
BAND +1.3%
AMC +4.6%
SHSP +11.5%
NEPT +6%
SPOT +6.7%
WIX +2.9%
VEEV +5.3%
PCTY +12.1%
TEAM +12.7% (double sized)
ZEN +8.8% (doubled sized)
HUBS +9.6% (triple sized)
NVTA +17%
So I found myself trying desperately to find stocks to buy. It should never be a struggle. In a good tape, when you’re on fire, there should be plenty of stocks to choose from. When there isn’t something is off, either you or the tape. Since I know it’s not me, I’m gonna chill for a bit and let the market digest the recent gains. “The Fly” has a lot of relaxing to do, books to catch up on, sauntering to partake in.
When in doubt, I saunter, and then saunter some more.
Cash position is ~45%.
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Why not leave small positions in ZEN, HUBS and TEAM to act as canaries in the coal mine?