Made these moves on Friday…ftw.
Completely covered shorts: NCTY 8.44 ( +17.06% short at 9.88. Rational for short China. )
Completely sold longs:
JASO 4.60 ( +4.50% bought at 4.40. Rational for long JASO. Hedge against solar shorts. )
PALM 15.23 ( +4.10% bought at 14.63. Rational for buying PALM. Predicting bounce. )
ANCI 4.15 ( +14.64% bought at 3.62. Rational for healthcare rebound and breakout.)
New shorts:
MELI 27.90
AFAM 25.78 (stop at 26.20)
LULU 14.36
– Hey guys, sorry this is late. I had no time on Friday to post, and only now was able to get some internet. Friday was a turning point in positioning portfolio. I took advantage of selling the week’s rally and created a retail-short position. I just realized the sale on JASO was an averaged-in bought price. It’s kind of weird that my broker would put all my positions together under the same name, no matter how tiny the position.
– Keep an eye on precious metals this week.
– Look to fade energy part 3.
– Look for China to breakdown
– Look for short-squeeze in silver.
– Also keeping an eye on tech, especially Google and AMZN for direction for the rest of the month.
Thanks for reading!
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Looks like something is wrong with your JASO entry…..
thanx for the catch. i had some left-over longs in that position from over month ago. looks like it averaged it. i’ll correct it to reflect the hedge position.
hmmmmm. i wrote down the wrong sale price on Friday, AND my broker gave me an average basis price from a buy a long time ago. sorry, got mixed up. i knew it felt weird when I got back to calculate my orders. anyway, i fixed post.
No problem! Have been a silent follower of you on your blog and twitter for a long enough time to know that it was a honest mistake….Good Luck tomorrow!!
yeah i remember you from day-trading days or somewhere. don’t you have a blog? i wasn’t tryn to over-state my win. haha. k, gotta go party now.