With today’s buys and market appreciation, BALT is now a 30% holding of mine. I am fully leveraged, extra tilt, at 140%. Other large positions include RBCN, NSTG, GIMO and YELP– with YELP being the smallest. SOL was a minor position and has been eliminated due to classic chinese burrito dealings.
As we speak, the market is weak, The PPT is not oversold yet, and I am up almost 3%.
I am still 15% off my annual highs and believe I can attain that feat before the end of the year. It’s a lofty goal that seems incredulous. However, if I am correct about my oversized positions, I will make it look rather easy.
The month of November was an abysmal one for me. Even more so than the losses was the stifling of activity, due to being hamstrung in flat to down positions that engendered an emotional response from me. I’ve resigned myself to seeing them through, at least for another month or so, in order to stay true to my convictions.
The overall market is in a bad spot, due to earnings misses in retail. For the most part, the consumer is on strike, shopping away at AMZN, but nowhere else. Buying retail stocks has never been more treacherous than now.
Yes it’s true, I am swinging for the fences, betting a lot on a few ideas, even though I am way ahead. Consider it my vice.
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