Fly Buy: $ANET

I scaled back on some of my CYBR position and started a new one in ANET–devil endorsed.

Fly Buy: $MBLY

I know I am buying this into a frenzied rally. But I’ve been wanting to own this stock since it came public. If it dips 10% from my basis, I will double my position.

STILL A RAIL MAN

I could not help myself. I nearly deployed all available cash into TRN, betting on this average down to bring me to a win.

Once a rail man, always a rail man. If I liked it at $39, damn it, I love it at $34.

Making a Few Choice Moves

I sold out of ETR, my largest position, for a small gain. With some of the proceeds, I bought FMSA and added to CYBR. Although tempted to buy other stuff, with the rest of the proceeds I will leave in cash–due to the insane nature of this market.

Cash is now 10%.

I’M A RAIL MAN

You’re wrong about rates. You keep saying that ‘everyone knows’ rates aren’t going higher; but that’s a bald faced lie!

Every single person that I know, sans Hugh Hendry, thinks rates are going higher. You can hear it for yourself on the television, where experts predict 200 basis point moves over the next two years. It seems that no one, mind you, is able to look at a balance sheet and acknowledge the fact that America will NEVER undergo austerity, in order to make the cuts necessary to service higher interest rate debt.

Argue all you want. But ZIRP is here forever.

Market roared higher, dragging bears from the back of speeding pick up trucks. But I saw something different in this run, different from past bull markets. Rate sensitive names, like REITs and Utes, pressed their rights higher too. So the stocks that I bought today, weren’t actually for today–but for tomorrow.

I believe the utes and REITs will hit new highs. I also believe the way the rails have been treated is disrespectful and discourteous to true ‘Rail Men’ like myself. I took a large stake in TRN, not because I felt bad for legacy shareholders, because it’s going higher.

FYI: Early Bird pricing for the FIRST EVER AND LAST EVER iBANKCOIN INVESTORS CONFERENCE ends Sunday. If you’ve been on the fence about coming, make up your mind son and take the dive already.

 

REMINDER: We are day 2 of a 5 day FREE TRIAL for The PPT.

BACK IN POWER

I bought back the ETR that I sold last week, pretty much at my sale price. I did this because the market is falling apart.

I did this, mind you, because the market is falling apart.

Fly Buy: $ANET

I scaled back on some of my CYBR position and started a new one in ANET–devil endorsed.

Fly Buy: $MBLY

I know I am buying this into a frenzied rally. But I’ve been wanting to own this stock since it came public. If it dips 10% from my basis, I will double my position.

STILL A RAIL MAN

I could not help myself. I nearly deployed all available cash into TRN, betting on this average down to bring me to a win.

Once a rail man, always a rail man. If I liked it at $39, damn it, I love it at $34.

Making a Few Choice Moves

I sold out of ETR, my largest position, for a small gain. With some of the proceeds, I bought FMSA and added to CYBR. Although tempted to buy other stuff, with the rest of the proceeds I will leave in cash–due to the insane nature of this market.

Cash is now 10%.

I’M A RAIL MAN

You’re wrong about rates. You keep saying that ‘everyone knows’ rates aren’t going higher; but that’s a bald faced lie!

Every single person that I know, sans Hugh Hendry, thinks rates are going higher. You can hear it for yourself on the television, where experts predict 200 basis point moves over the next two years. It seems that no one, mind you, is able to look at a balance sheet and acknowledge the fact that America will NEVER undergo austerity, in order to make the cuts necessary to service higher interest rate debt.

Argue all you want. But ZIRP is here forever.

Market roared higher, dragging bears from the back of speeding pick up trucks. But I saw something different in this run, different from past bull markets. Rate sensitive names, like REITs and Utes, pressed their rights higher too. So the stocks that I bought today, weren’t actually for today–but for tomorrow.

I believe the utes and REITs will hit new highs. I also believe the way the rails have been treated is disrespectful and discourteous to true ‘Rail Men’ like myself. I took a large stake in TRN, not because I felt bad for legacy shareholders, because it’s going higher.

FYI: Early Bird pricing for the FIRST EVER AND LAST EVER iBANKCOIN INVESTORS CONFERENCE ends Sunday. If you’ve been on the fence about coming, make up your mind son and take the dive already.

 

REMINDER: We are day 2 of a 5 day FREE TRIAL for The PPT.

BACK IN POWER

I bought back the ETR that I sold last week, pretty much at my sale price. I did this because the market is falling apart.

I did this, mind you, because the market is falling apart.

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