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%.

Took Profits on a $100 Roll

I sold off 75% of my PANW position, post roll. I will keep the remainder. With the proceeds, I have a hot pick, forthcoming.

I Booked the Trade

The iFON saga is concluding for me today. I permitted a trade to become an investment. I’ll be damned if I look a gift horse in the face twice and do nothing about it. Thanks to a surge in liquidity and price, with liquidity being the more important aspect of the trade, I sold out of 75% of my IFON position.

Bear in mind, this was a holding of mines that was off by 40% at one point. It was an albatross around my neck and I all but wrote if off, until yesterday. Granted, I have been known to poke fun at the fact that some slick San Diego executives have plunged down south, deep into the jungles of the Amazon, to sell their wares. Nonetheless, I cannot describe to you the burden this stock was for me, considering how much I owned and the lowly nature of the market cap.

Plainly, I am fortunate to escape this former debacle whole. In fact, I escape it at a lofty profit, as I bought it all the way down to the high $1.90s.

With the proceeds, I intend to behave like a proper gentleman and avoid the rabble of micro cap scum, until I get the urge to splurge again.

But Dem Yields Doe

With the Islamic State on the move, cutting heads off along their way to Allah, western treasuries continue to gain steam. I cannot stress this enough to all of you lads, drunk about the water cooler, drinking gin from a water bottle.

There is a safety trade taking place, at the same time application software stocks rip through roofs.

This is what I am going to do.

I will collect another monthly dividend from my TLT position, then liquidate it in september. I just sold out of my ECOM position because it refuses to rally. I don’t have time for that, so I took a 3% loss. With the cash on hand, I am going to buy a basket of utility stocks–some today, others next week.

I am going to hold said basket through september, or until I am proven right or wrong (this gives me room to wiggle). The way I see it, buying utilities is a preferable way to fade this rally without actually fading it. I don’t want to just go to cash because my temperament doesn’t allow me to sit idle for long periods of time.

Longer term, I still own a crap load of stuff, from GILD to ICPT to SLCA to HAIN. If the market melts up, I will not miss it entirely. I am simply shifting my trading assets into a bomb shelter.

Stay tuned.

GOING FULL ‘HUGH HENDRY’ INTO SEPTEMBER

I sold out of CBST, CLDX, SODA, some YELP, and PIR, some for gains, others for losses. Nevertheless, I raised over 30% cash and allocated half of it to TLT. I am now very much overweight TLT and holding ample cash to buy any dip. Essentially, I am resetting here.

Trading positions that remain are ECOM, XONE, LITB and IFON (not really a trade).

 

Doing Some Light Selling

I am having a hard time selling my trading positions. I like them too much.

Nonetheless, I let go of some YELP that I bought 31% lower and my entire CLDX position. I am not looking for replacements and simply bulking up a cash position.

Fly Sell: $ZU

This zulu thing isn’t working out for me. I stopped out at -2.5%.

Reshuffling the Deck

I had a moment of clarity, like a drunkard thinking clearly for the first time in weeks. What on God’s coal infested earth am I doing in all of these Chinese burritos stocks? So I sold all of them but one: LITB.

I sold QIHU, VNET, XNET, ZPIN and CMGE. The basket of noodles made me some bread, so I am happy with the outcome. Simply holding onto these names and risking an earnings shortfall would be unforgivable. SO treated them as they should be treated: transitory.

I also sold out of 75% of my JAZZ position, after the 20 point move here. With the remainder of my position, I will hold until the end of days.

With the proceeds, I intend to switch my focus to stocks that are audited and don’t lie about their growth rates. Or, I might just go biotech and say “YOLO” while sticking my middle fingers in the air, driving an automobile without hands.

DEVELOPING…

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%.

Took Profits on a $100 Roll

I sold off 75% of my PANW position, post roll. I will keep the remainder. With the proceeds, I have a hot pick, forthcoming.

I Booked the Trade

The iFON saga is concluding for me today. I permitted a trade to become an investment. I’ll be damned if I look a gift horse in the face twice and do nothing about it. Thanks to a surge in liquidity and price, with liquidity being the more important aspect of the trade, I sold out of 75% of my IFON position.

Bear in mind, this was a holding of mines that was off by 40% at one point. It was an albatross around my neck and I all but wrote if off, until yesterday. Granted, I have been known to poke fun at the fact that some slick San Diego executives have plunged down south, deep into the jungles of the Amazon, to sell their wares. Nonetheless, I cannot describe to you the burden this stock was for me, considering how much I owned and the lowly nature of the market cap.

Plainly, I am fortunate to escape this former debacle whole. In fact, I escape it at a lofty profit, as I bought it all the way down to the high $1.90s.

With the proceeds, I intend to behave like a proper gentleman and avoid the rabble of micro cap scum, until I get the urge to splurge again.

But Dem Yields Doe

With the Islamic State on the move, cutting heads off along their way to Allah, western treasuries continue to gain steam. I cannot stress this enough to all of you lads, drunk about the water cooler, drinking gin from a water bottle.

There is a safety trade taking place, at the same time application software stocks rip through roofs.

This is what I am going to do.

I will collect another monthly dividend from my TLT position, then liquidate it in september. I just sold out of my ECOM position because it refuses to rally. I don’t have time for that, so I took a 3% loss. With the cash on hand, I am going to buy a basket of utility stocks–some today, others next week.

I am going to hold said basket through september, or until I am proven right or wrong (this gives me room to wiggle). The way I see it, buying utilities is a preferable way to fade this rally without actually fading it. I don’t want to just go to cash because my temperament doesn’t allow me to sit idle for long periods of time.

Longer term, I still own a crap load of stuff, from GILD to ICPT to SLCA to HAIN. If the market melts up, I will not miss it entirely. I am simply shifting my trading assets into a bomb shelter.

Stay tuned.

GOING FULL ‘HUGH HENDRY’ INTO SEPTEMBER

I sold out of CBST, CLDX, SODA, some YELP, and PIR, some for gains, others for losses. Nevertheless, I raised over 30% cash and allocated half of it to TLT. I am now very much overweight TLT and holding ample cash to buy any dip. Essentially, I am resetting here.

Trading positions that remain are ECOM, XONE, LITB and IFON (not really a trade).

 

Doing Some Light Selling

I am having a hard time selling my trading positions. I like them too much.

Nonetheless, I let go of some YELP that I bought 31% lower and my entire CLDX position. I am not looking for replacements and simply bulking up a cash position.

Fly Sell: $ZU

This zulu thing isn’t working out for me. I stopped out at -2.5%.

Reshuffling the Deck

I had a moment of clarity, like a drunkard thinking clearly for the first time in weeks. What on God’s coal infested earth am I doing in all of these Chinese burritos stocks? So I sold all of them but one: LITB.

I sold QIHU, VNET, XNET, ZPIN and CMGE. The basket of noodles made me some bread, so I am happy with the outcome. Simply holding onto these names and risking an earnings shortfall would be unforgivable. SO treated them as they should be treated: transitory.

I also sold out of 75% of my JAZZ position, after the 20 point move here. With the remainder of my position, I will hold until the end of days.

With the proceeds, I intend to switch my focus to stocks that are audited and don’t lie about their growth rates. Or, I might just go biotech and say “YOLO” while sticking my middle fingers in the air, driving an automobile without hands.

DEVELOPING…

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