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…

GOING FULL ZULU

I sold our of DSKY for a one week 14% gain. I was gonna roll the proceeds into one of my biotech stocks. After all, I am a doctor, god damn it. But instead, I decided to roll with The Option Addict’s recent pick ZU.

No one has been hotter, so I am going long, full tribal gear, readying to stab people with my elephant tusks.

Out of Solar

The sun is too hot for me to bear. I broke even on TSL and moved on.

EVERYTHING YOU NEED TO KNOW IS HERE

When the bubble stocks burst a few months ago I created a ‘bubble basket’ designed after the criteria that David Einhorn talked about in his cryptic warning to investors, regarding ‘high valuation’ stocks. The index is made up of about 100 stocks and it slid from par (100) down to about 80, when the market bottomed. Since then, the ‘bubble stocks’ have been leading the market higher, as that index surged from 80 to over 106 last week–making up all of its losses.

Well, today it is getting hammered, down nearly 3%. If your portfolio is getting racked today, you’re probably overweight too many ‘bubble stocks’ and stand at risk for a repeat of April of 2014.

bubble

Risk is off. I sold out of LEJU and booked a 16.5% gain in the process. Thus far, for today, I sold out of BALT, RBCN and LEJU.

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…

GOING FULL ZULU

I sold our of DSKY for a one week 14% gain. I was gonna roll the proceeds into one of my biotech stocks. After all, I am a doctor, god damn it. But instead, I decided to roll with The Option Addict’s recent pick ZU.

No one has been hotter, so I am going long, full tribal gear, readying to stab people with my elephant tusks.

Out of Solar

The sun is too hot for me to bear. I broke even on TSL and moved on.

EVERYTHING YOU NEED TO KNOW IS HERE

When the bubble stocks burst a few months ago I created a ‘bubble basket’ designed after the criteria that David Einhorn talked about in his cryptic warning to investors, regarding ‘high valuation’ stocks. The index is made up of about 100 stocks and it slid from par (100) down to about 80, when the market bottomed. Since then, the ‘bubble stocks’ have been leading the market higher, as that index surged from 80 to over 106 last week–making up all of its losses.

Well, today it is getting hammered, down nearly 3%. If your portfolio is getting racked today, you’re probably overweight too many ‘bubble stocks’ and stand at risk for a repeat of April of 2014.

bubble

Risk is off. I sold out of LEJU and booked a 16.5% gain in the process. Thus far, for today, I sold out of BALT, RBCN and LEJU.

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